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MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. ANNOUNCES CHRISTMAS STORE EXPANSION

 DOMINGUEZ, Calif., Feb. 24 /PRNewswire/ -- Following a successful trial of 25 temporary Christmas stores in Southern California in 1992, Mac Frugal's Bargains - Close-outs Inc. (NYSE: MFI) announced today its intention to significantly increase the number of these stores in 1993.
 Typically these stores, trading under the name of Christmas Close-outs, are less than 5,000 square feet in size and are open for no more than three months leading up to Christmas.
 Len Williams, president and chief executive officer, commented that this temporary concept was a natural extension to existing business and leverages that very strong seasonal business which Mac Frugal's Bargains - Close-outs generates. He further added that he did not know the exact number of stores to be opened, but it would be a significant number and they would be in many of the market areas in which Mac Frugal's Bargains - Close-outs currently trades.
 The company operates a chain of 205 retail stores in 12 states. These stores, which do business as Pic 'N' Save and Mac Frugal's Bargains - Close-outs, feature a wide variety of first quality general merchandise obtained through manufacturer close-outs, overruns, discontinued lines and packaging changes. An ever-changing assortment of merchandise is typically sold at 40 percent to 70 percent off regular retail prices.
 -0- 2/24/93
 /CONTACT: Phil Carter, senior VP and CFO, 310-761-4167, or Dan Felsenthal, controller, 310-761-4104, both of Mac Frugal's Bargains - Close-outs/
 (MFI)


CO: Mac Frugal's Bargains - Close-outs Inc. ST: California IN: REA SU:

JB-MS -- LA003 -- 9687 02/24/93 06:01 EST
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Publication:PR Newswire
Date:Feb 24, 1993
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