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

 DOMINGUEZ, Calif., Sept. 2 /PRNewswire/ -- Mac Frugal's Bargains - Close-outs Inc. (NYSE: MFI) announced today that its sales for the four weeks ended Aug. 29, 1993 were $38,205,000, up 12.4 percent from $33,976,000 in the prior year. Sales in comparable stores for the four weeks were down 1.6 percent. Sales for the 30 weeks year-to-date were $281,029,000, an increase of 9.4 percent from the prior year's sales of $256,899,000. Year-to-date comparable store sales declined 1.1 percent.
 "Our sales improved during the latter part of August as our customers reacted favorably to the strong influx of fresh merchandise," commented Leonard S. Williams, president and chief executive officer. "We are in the process of building our inventories for the fall season and our initial results are quite favorable."
 The company operates a chain of 222 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 to 70 percent off regular retail prices.
 -0- 9/2/93
 /CONTACT: Phil Carter, executive VP, CFO, 310-761-4167, or Dan Felsenthal, controller, 310-761-4104/
 (MFI)


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

LM-BP -- LA004 -- 8200 09/02/93 06:00 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
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