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

 DOMINGUEZ, Calif., Nov. 4 /PRNewswire/ -- Mac Frugal's Bargains - Close-outs Inc. (NYSE: MFI) announced today that its sales for the four weeks ended Oct. 31, 1993, were $51,624,000, up 22.5 percent from $42,152,000 in the prior year. Sales in comparable stores for the four weeks were up 1.0 percent.
 Total sales for the third quarter (13 weeks ended Oct. 31, 1993) were up 17.2 percent, while comparable store sales for the quarter decreased 0.2 percent over last year. Total sales for the 39 weeks year-to-date were $383,397,000, an increase of 11.8 percent from the prior year. Year-to-date comparable store sales were down 0.8 percent.
 Leonard S. Williams, president and chief executive officer, commented that the 1.0 percent increase was about what he expected. He continued, "California sales were down due to the difficult economy and the cannibalization of same-store sales as we fill in our home market. The rest of the country experienced solid same-store-sales gains." He further added that with 35 new regular stores to be open before the end of the fiscal year and with 167 seasonal stores this year, there would be a substantial increase in fourth quarter sales over last year.
 The company operates a chain of 228 year-round retail stores in 12 states and a chain of 166 seasonal Christmas stores in nine states. The year-round 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. The seasonal stores, which do business as Christmas Close-outs and Christmas Enchantments, feature a wide variety of first-quality Christmas and seasonal merchandise.
 -0- 11/4/93
 /CONTACT: Phil Carter, executive VP, 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: SLS

JB-LS -- LA006 -- 0454 11/04/93 06:02 EST
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Publication:PR Newswire
Date:Nov 4, 1993
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