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HECHINGER COMPANY ANNOUNCES JUNE SALES, STORE CLOSINGS

 HECHINGER COMPANY ANNOUNCES JUNE SALES, STORE CLOSINGS
 LANDOVER, Md., July 9 /PRNewswire/ -- Hechinger Company (NASDAQ-NMS: HECHA, HECHB) today announced sales for June 1992 of $217.5 million, which represents a 23 percent increase from June 1991 sales of $177.1 million. Comparable store sales were up 12 percent for the month.
 Comparable store sales were up 13 percent for the Hechinger stores division for June. Comparable store sales were down 2 percent for the Hechinger stores division in June of last year. Comparable store sales were up 9 percent for the month for Home Quarters Warehouse. Comparable store sales for Home Quarters were down 3 percent in June of last year.
 In addition, the company announced that it plans to close its Hechinger stores in Norfolk and Virginia Beach, Va. John W. Hechinger Jr., president and chief executive officer, said: "Our decision to close these two stores is part of our continuing effort to reposition our Hechinger division. We decided the Tidewater area would best be served by our Home Quarters Warehouse division, which is headquartered in Virginia Beach." The store closings will take place within the next two months.
 Hechinger Company is a leading specialty retailer, currently operating 122 do-it-yourself home centers. The company serves the growing home improvement industry through its three divisions: Hechinger, Home Quarters Warehouse and Triangle Building Centers.
 -0- 7/9/92 R
 /CONTACT: W. Clark McClelland, senior vice president-finance, Hechinger Company, 301-925-3105/
 (HECH) CO: Hechinger Company ST: Maryland, Virginia IN: REA SU:


KD -- DC006 -- 7953 07/09/92 15:28 EDT
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Publication:PR Newswire
Date:Jul 9, 1992
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