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

 DOMINGUEZ, Calif., June 3 /PRNewswire/ -- Mac Frugal's Bargains - Close-outs Inc. (NYSE: MFI) announced today that its sales for the four weeks ended May 30, 1993, were $37,457,000, up 12.9 percent from $33,188,000 in the prior year. Sales in comparable stores for the four weeks were up 2.3 percent. Sales for the 17 weeks year-to-date were $164,209,000, an increase of 11.5 percent from the prior year's sales of $147,245,000. Year-to-date comparable store sales increased 2.1 percent.
 Leonard S. Williams, president and chief executive officer, commented that the comparable store sales increase was consistent with that of the first quarter and that he still anticipated a moderate comparable store sales increase for the year.
 The company operates a chain of 213 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- 6/3/93
 /CONTACT: Phil Carter, senior VP, 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:

JB-LS -- LA015 -- 4702 06/03/93 06:00 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
Words:228
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