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JAMESWAY CORPORATION REPORTS SALES FOR AUGUST 1993

 SECAUCUS, N.J., Sept. 2 /PRNewswire/ -- Jamesway Corporation (NYSE: JMY) today announced that sales for the four-week period ended Aug. 28, 1993, excluding a leased department, were $52.7 million compared to $70.3 million for the corresponding period a year ago. Same store sales for the four-week period decreased 19 percent.
 The reduction in sales reflects 108 stores in operation this year compared to 121 stores a year ago and depleted inventory levels resulting from an interruption in shipments preceding the July 19 Chapter 11 filing. Receipts of merchandise have run at normal levels in August and the company noted that it expects to return to a full inventory position in September.
 Sales for the 30 weeks ended Aug. 28, 1993 were $382.7 million compared to $457 million for the corresponding period last year. Same store sales for the 30-week period decreased 9 percent.
 Jamesway Corporation operates discount department stores in seven Mid-Atlantic states.
 -0- 9/2/93
 /CONTACT: Barry Rockland, executive vice president- finance/administration, of Jamesway Corporation, 201-330-6000, or Peter Rosenthal of Howard J. Rubenstein Associates, Inc., 212-489-6900/
 (JMY)


CO: Jamesway Corporation ST: New Jersey IN: REA SU:

LG-OS -- NY044 -- 8377 09/02/93 11:27 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
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