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JAMESWAY CORPORATION REPORTS SALES FOR JULY 1993

 SECAUCUS, N.J., Aug. 5 /PRNewswire/ -- Jamesway Corporation (NYSE: JMY) today announced that sales for the four-week period ended July 31, 1993, excluding a leased department, were $37.4 million compared to $49.6 million for the corresponding period a year ago. Same store sales for the four-week period declined 18 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 19th Chapter 11 filing. The company noted that merchandise flow has resumed and that it expects to be fully in stock by the end of August.
 Sales for the 13 weeks ended July 31, 1993 were $172.4 million compared to $204.2 million in the corresponding period last year. Same store sales for the 13-week period declined 9 percent.
 Sales for the 26 weeks ended July 31, 1993 were $330.1 million compared to $386.7 million in the corresponding period last year. Same store sales for the 26-week period decreased 7 percent.
 Jamesway Corporation operates discount department stores in seven Mid-Atlantic states.
 -0- 8/5/93
 /CONTACT: Peter Rosenthal of Howard J. Rubenstein Associates, Inc., 212-489-6900, for Jamesway, or Barry Rockland, executive VP - finance, administration, of Jamesway, 201-330-6000/
 (JMY)


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

MP-LG -- NY011 -- 9724 08/05/93 09:04 EDT
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Publication:PR Newswire
Date:Aug 5, 1993
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