Printer Friendly

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

 DOMINGUEZ, Calif., Feb. 4 /PRNewswire/ -- Mac Frugal's Bargains - Close-Outs Inc. (NYSE: MFI) reported today that its sales for the four weeks ended Jan. 31, 1993, were $32,451,000, up 6.0 percent from $30,623,000 in the prior year. Sales in comparable stores for the four weeks were down 0.8 percent.
 Total sales for the fourth quarter (13 weeks ended Jan. 31, 1993) were $197,285,000, up 4.1 percent from $189,519,000 in the prior year. Sales in comparable stores for the 13 weeks were down 4.3 percent.
 Sales for the 52 weeks year-to-date were $540,184,000, down 0.5 percent from the prior year's sales of $542,654,000. Year-to- date comparable store sales were down 3.9 percent.
 Len Williams, president and chief executive officer, commented that he was still not satisfied with the January result, even when comparing it with a 17.7 percent increase in January of last year.
 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. Until recently, the company operated as Pic 'N' Save Corp.
 -0- 2/4/93
 /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:

LS-KJ -- LA008 -- 2685 02/04/93 06:00 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 4, 1993
Words:276
Previous Article:JACOBS RECEIVES MTBE PRODUCTION FACILITY CONTRACT WITH EXXON
Next Article:AUTOFINANCE GROUP ANNOUNCES DISTRIBUTION FINANCIAL SERVICES AGREES TO PROVIDE AUTOFINANCE WITH LINE OF CREDIT
Topics:


Related Articles
MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS FEBRUARY SALES
MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS NOVEMBER SALES
MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS JANUARY SALES
MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS FEBRUARY SALES
MAC FRUGAL'S BARGAINS CLOSE-OUTS INC. REPORTS FIRST QUARTER EARNINGS OF $0.20 PER SHARE
MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS THIRD QUARTER EARNINGS
MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS JANUARY SALES
MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS FEBRUARY SALES
MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS FOURTH QUARTER AND FISCAL 1995 EARNINGS
Mac Frugal's Bargains o Close-outs Inc. Reports Fourth Quarter Earnings of $1.21 Per Share and Fiscal 1996 Earnings of $1.67 Per Share

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters