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HOUSE OF FABRICS RESPONDS TO NEW YORK STOCK EXCHANGE INQUIRY

 HOUSE OF FABRICS RESPONDS TO NEW YORK STOCK EXCHANGE INQUIRY
 SHERMAN OAKS, Calif., Dec. 10 /PRNewswire/ -- In response to an inquiry today from the New York Stock Exchange concerning the unusual activity in House of Fabrics' (NYSE: HF) stock, President Gary Larkins, issued the following statement:
 "We are not aware of any external developments that would explain the activity in our stock."
 Internally we have seen some recent softening of sales. For the month on November, total sales were $52.7 million for an increase of 28.5 percent. Our store-for-store sales increased just 3 percent reflecting the fact that Thanksgiving was one week later than last year.
 "Store-for-store sales thus far in December have remained flat. It should be noted, however, that we anticipate sales for the balance of the month will be improved as a result of planned sales promotions.
 "The fiscal year ending Jan. 31, 1992 will, by a large margin, be the best year in our company's history from the standpoint of both sales and earnings."
 House of Fabrics is the nation's largest chain of company owned and operated retail fabric stores with 673 currently in operation, including the recently acquired 84 Fabricland stores.
 -0- 12/10/91
 /CONTACT: Gary Larkins, president and CEO of House of Fabrics, 818-995-7000./
 (HF) CO: House of Fabrics ST: California IN: REA SU:


SE-KJ -- LA027 -- 1179 12/10/91 16:09 EST
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Publication:PR Newswire
Date:Dec 10, 1991
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