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LECHTERS, INC. CEO REPORTS SELLING SHARES IN THE COMPANY

 HARRISON, N.J., Feb. 9 /PRNewswire/ -- Donald Jonas, Chairman and Chief Executive Officer of Lechters, Inc. (NASDAQ: LECH) reported selling some of his shares in the Company, reducing his stake to approximately 4.2 million shares, or 25.2 percent of the outstanding stock. In a filing with the Securities and Exchange Commission, Jonas said he sold 535,000 common shares at prices ranging from $21 1/2 to $22 3/4 a share for estate planning purposes.
 Lechters is a specialty retailer of primarily brand name basic housewares, tabletop and home decor items, and textiles operating 513 stores in 39 states.
 -0- 2/9/93
 /CONTACT: Philip J. Reilly, Lechters, Inc. 201-481-1100/
 (LECH)


CO: Lechters, Inc. ST: New Jersey IN: HOU REA SU:

SB -- NY037 -- 4562 02/09/93 10:40 EST
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Publication:PR Newswire
Date:Feb 9, 1993
Words:133
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