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PIC 'N' SAVE MOVES FORWARD WITH AGGRESSIVE EXPANSION IN ORANGE COUNTY

PIC 'N' SAVE MOVES FORWARD WITH AGGRESSIVE EXPANSION IN ORANGE COUNTY
 DOMINGUEZ, Calif., Oct. 28 /PRNewswire/ -- Mac Frugal's Bargains - Close-outs Inc. (NYSE: MFI), the parent company of Pic 'N' Save stores, announced today the simultaneous grand opening of five new stores scheduled for Friday, Nov. 6. These five stores represent the cornerstone of Pic 'N' Save's recently announced aggressive expansion program in the Los Angeles market. Pic 'N' Save currently operates 64 stores in the greater Los Angeles area. The company plans to open 36 new stores in 1993, the majority of which will be in the Los Angeles area.
 Four of the five stores which will grand open on Nov. 6 are in Orange County, a market which Pic 'N' Save has determined has major expansion potential. With these four new Orange County stores, the company will have a total of 11 stores serving its Orange County customers. Pic 'N' Save has slated Orange County for significant expansion over the next two years because of the strong long-range outlook for the county's growth and economic development.
 "We are totally committed to our aggressive expansion plans for Orange County and the greater Los Angeles market over the next two years," commented Len Williams, president and chief executive officer. "Pic 'N' Save is fortunate to have so many loyal customers in Orange County," he added. "Our expansion program for Orange County will allow us to offer our unbelievable bargains to an even wider range of customers."
 The four Orange County stores slated to grand open on Nov. 6 represent a sizable investment by Pic 'N' Save in the community. The four stores will add about 200 jobs to the county and $1.5 million a year in payroll. These stores will be located in Fountain Valley, Fullerton, Anaheim and Garden Grove.
 "The current economic situation has made many opportunities available for Pic 'N' Save to acquire great store locations in Los Angeles," added Williams. "While other businesses may be retrenching, we are aggressively working to add a significant number of new stores in the greater Los Angeles area. We are putting everything we can back into our local economy."
 Pic 'N' Save is planning a variety of special grand opening events at the four new Orange County stores on Nov. 6. In addition, all seven existing Orange County stores will share in the celebration with tremendous savings on great merchandise for the home and family. An added feature of the celebration will be a very special prize to a lucky customer at each grand opening store to commemorate the opening of Pic 'N' Save's 200th store.
 Pic 'N' Save features more than 30,000 different bargains in every stores. The merchandise assortment changes weekly and consists of first quality general merchandise obtained through manufacturer close-outs, overruns, discontinued lines and packaging changes. Items such as toys, clothing, accessories, housewares, tabletop, gifts, stationery, health and beauty aids, snack foods, linens and domestics, hardware, seasonal goods and the just plain unexpected can be found at 40 percent to 70 percent off regular retail prices.
 -0- 10/28/92
 /CONTACT: Eileen Hupp, assistant VP, marketing, 310-761-4214, or Debbi Hall, marketing, 310-761-4385, 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-KJ -- LA039 -- 6347 10/28/92 21:01 EST
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Publication:PR Newswire
Date:Oct 28, 1992
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