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

 DOMINGUEZ, Calif., April 8 /PRNewswire/ -- Mac Frugal's Bargains - Close-outs Inc. (NYSE: MFI) announced today that its sales for the five weeks ended April 4, 1993, were $50,450,000, up 13.6 percent from $44,416,000 in the prior year. Sales in comparable stores for the five weeks of March were up 3.8 percent.
 Leonard S. Williams, president and chief executive officer, commented that he was pleased with the volume being generated from new stores and that they were all tracking ahead of plan and company average. He further added that comparable store sales are in line with the expectations, given the California economy and some cannibalization of sales to new stores.
 The company operates a chain of 210 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- 4/8/93
 /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.; Pic 'N' Save ST: California IN: REA SU:

JB-MS -- LA005 -- 4012 04/08/93 06:00 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
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