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MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS APRIL SALES

 DOMINGUEZ, Calif., May 6 /PRNewswire/ -- Mac Frugal's Bargains - Close-outs Inc. (NYSE: MFI) announced today that its sales for the four weeks ended May 2, 1993 were $39,613,000, up 7.1 percent from $37,000,000 in the prior year. Sales in comparable stores for the four weeks were down 2.6 percent. Sales for the 13 weeks (first fiscal quarter) year-to-date were $126,753,000, an increase of 11.1 percent from the prior year's sales of $114,057,000. Year-to- date comparable store sales increased 2.1 percent.
 Leonard S. Williams, president and chief executive officer, commented that this small decrease for comparable store sales was anticipated. He further added that this was because of the strong comparable store sales increase of 10.9 percent in April of last year, and secondly, recognizing that Easter fell one week earlier this year.
 The company operates a chain of 211 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 thorugh 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- 5/6/93
 /CONTACT: Phil Carter, senior VP and CFO, 310-761-4167, or Dan Felsenthal, controller, 310-761-4104, both of Mac Frugal's/
 (MFI)


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

MS-LS -- LA008 -- 5148 05/06/93 06:00 EDT
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Publication:PR Newswire
Date:May 6, 1993
Words:249
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