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

 MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS OCTOBER SALES
 DOMINGUEZ, Calif., Nov. 5 /PRNewswire/ -- Mac Frugal's Bargains - Close-outs Inc. (NYSE: MFI) announced today that its sales for the four weeks ended Nov. 1, 1992, were $42,152,000, up 2.7 percent from $41,031,000 in the prior year. Sales in comparable stores for the four weeks were down 1.3 percent.
 Total sales for the third quarter (13 weeks ended Nov. 1, 1992) were down 5.3 percent, while comparable store sales for the quarter decreased 6.7 percent over last year. Total sales for the 39 weeks year-to-date were $342,900,000, a decrease of 2.9 percent from the prior year. Year-to-date comparable store sales were down 3.7 percent.
 Len Williams, president and chief executive officer, commented that he was pleased with the improvement of comparable store sales in October over recent months.
 The company operates a chain of 203 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- 11/5/92
 /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. ST: California IN: REA SU:


JL-LS -- LA002 -- 2780 11/05/92 06:00 EST
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Publication:PR Newswire
Date:Nov 5, 1992
Words:263
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