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JENNIFER CONVERTIBLES REPORTS COMPANY OWNED AND LICENSED STORE SALES UP 48 PERCENT FOR JUNE, 60 PERCENT YEAR TO DATE

 PARAMUS, N.J., Aug. 18 /PRNewswire/ -- Jennifer Convertibles Inc. (NASDAQ: JENN) reported on Tuesday, Aug. 10, that sales for the month of June from company owned as well as licensed stores were $7.1 million up from $4.8 million in June of 1992, an increase of 48 percent.
 Comparable store sales for company owned as well as licensed stores opened more than one year were $5.4 million as compared to $4.8 million in 1992, an increase of 13 percent.
 Year to date sales for the 10 months ended June 1993 from company owned as well as licensed stores were $63.7 million up from $39.8 million for the same period in 1992, an increase of 60 percent.
 Comparable store sales for company owned as well as licensed stores opened more than one year were $49.4 million for the 1993 year to date period as compared to $39.8 million for the 1992 year to date period, an increase of 24 percent.
 Sales for the 34 company owned stores were $3.1 million in June 1993, an increase of 7 percent from $2.9 million in June 1992. Royalty income increased by 98 percent from $92,000 in June 1992 to $182,000 in June 1993.
 Year to date sales for the 10 months ended June 1993 for the 34 company owned stores were $32.2 million, an increase of 18 percent from $27.4 million for the same period in 1992. Royalty income for the 1993 year to date period increased by 146 percent from $621,000 for the 1992 year to date period to $1,525,000 for the 1993 year to date period.
 Jennifer Convertibles is America's largest specialty retailer of sofabeds. Jennifer currently operates 34 wholly owned stores and 69 licensed stores.
 -0- 8/18/93
 /CONTACT: Donald Radcliffe of Radcliffe & Associates, 212-605-0534/
 (JENN)


CO: Jennifer Convertibles Inc. ST: New Jersey IN: REA SU:

SM-LG -- NY010 -- 3803 08/18/93 09:33 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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