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HOUSE OF FABRICS COMMENTS ON STOCK ACTIVITY

 HOUSE OF FABRICS COMMENTS ON STOCK ACTIVITY
 SHERMAN OAKS, Calif., Nov. 26 /PRNewswire/ -- In response to


numerous inquiries today, House of Fabrics Inc. (NYSE: HF) stated that it is not aware of any developments at the company to explain the recent decline in the price of its stock.
 On Monday, the company reported a 42 percent increase in third quarter net income and a 35 percent gain in sales for the period, which ended Oct. 31. For the first nine months of the fiscal year, net income was up 54 percent and sales climbed 22 percent.
 Gary L. Larkins, president and chief executive officer, stated: "Third quarter results were right on target with plan. Looking ahead, the fourth quarter will benefit significantly from cost reduction measures at our recent Fabricland acquisition which were not a factor in the third quarter. The fourth quarter is shaping up as the largest single quarter in our history, both for sales and income.
 "Moreover, the continued successful assimilation of Fabricland, consisting of 83 top performing stores, plus the ongoing development and maturation of our own superstores, provides us with considerable optimism for the longer-term future."
 House of Fabrics Inc. is the nation's largest chain of company- owned and operated retail fabric stores with 671 currently in operation.
 -0- 11/26/91
 /CONTACT: Gary L. Larkins, president of House of Fabrics, 818-995-7000/
 (HF) CO: House of Fabrics Inc. ST: California IN: REA SU:


KJ-CH -- LA016 -- 7369 11/26/91 14:02 EST
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Publication:PR Newswire
Date:Nov 26, 1991
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