Printer Friendly

PIC 'N' SAVE REAFFIRMS COMMITMENT TO LOS ANGELES FOR 1993

 DOMINGUEZ, Calif., Dec. 1 ~PRNewswire~ -- Mac Frugal's Bargains - Close-Outs Inc. (NYSE: MFI), parent company of Pic 'N' Save stores, announced details of two new store openings in the Los Angeles market, reaffirming the company's commitment to the area. Pic 'N' Save has plans for 36 stores in 1993, the majority of which will be concentrated in the greater Los Angeles area.
 Already this year the company has opened 10 stores with six of the 10 in greater Los Angeles. In addition to these 10, two more new stores are scheduled to open on Dec. 11. Both stores are located in Los Angeles, one in the South Central Los Angeles community of Willowbrook and the other in the South Bay city of Hawthorne. With these two new stores, the company will have 71 stores locally and 205 stores chainwide.
 The two new stores' grand opening on Dec. 11 represents a large investment by Pic 'N' Save in the community. In addition to the tax revenue the stores will generate, they will also add more than 100 jobs and three-quarters of a million dollars in payroll for the two communities.
 "We believe in Los Angeles," said Len Williams, president and chief executive officer. "The opportunity for growth in this market area is tremendous. We are actively looking for store sites all over Los Angeles; we will put a store wherever we have population and community support," added Williams. "We are investing for the future by investing in our local economy."
 Pic 'N' Save is planning special grand opening events at both stores beginning at 9 a.m. on Friday, Dec. 11. The first 500 people in line will receive a $2 gift certificate, the Laker Cheerleaders will be there to sign autographs, and there will be a clown and balloons for the kids.
 Pic 'N' Save, which has a loyal following of bargain shoppers, sells first quality general merchandise obtained through manufacturer closeouts, 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, Christmas decorations, and the just plain unexpected can be found at 40 percent to 70 percent off regular retail prices.
 -0- 12~1~92
 ~CONTACT: Tom Harding, VP-sales, 310-761-4210, or Debbi Hall, 310-761-4385, both of Mac Frugal's Bargains - Close-outs~
 (MFI)


CO: Mac Frugal's Bargains - Close-Outs Inc. ST: California IN: REA SU:

LS-KJ -- LA007 -- 2171 12~01~92 05:00 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 30, 1992
Words:407
Previous Article:WARNER BROS. CLASSIC ANIMATED CHARACTER TWEETY TO SPEARHEAD NEW NATIONAL ENVIRONMENTAL EDUCATION INITIATIVE
Next Article:THE GREAT WHITE ADVENTURE ... ALSO A GREAT SECRET
Topics:


Related Articles
PIC 'N' SAVE REPORTS THIRD QUARTER EARNINGS OF $0.14 PER SHARE
PIC 'N' SAVE TAKES ON NEW IDENTITY IN SEVEN STATES
PIC 'N' SAVE REPORTS APRIL SALES INCREASE 11.7 PERCENT
PIC 'N' SAVE CORP. CHANGES NAME TO MAC FRUGAL'S BARGAINS - CLOSE-OUTS AND COMMENCES TRADING ON NEW YORK STOCK EXCHANGE
PIC 'N' SAVE OPENS 10TH STORE IN SAN DIEGO
PIC 'N' SAVE OPENS 64TH STORE IN LOS ANGELES AREA
PIC 'N' SAVE MOVES FORWARD WITH AGGRESSIVE EXPANSION IN ORANGE COUNTY
PIC 'N' SAVE TO OPEN TWO NEW STORES IN LOS ANGELES
L.A. -- A Great Place to Do Business.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters