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SEPT. SALES INCREASE 66 PERCENT WITH YEAR-TO-DATE SALES UP 63 PERCENT; EVERYTHING'S $1.00 REPORTS COMPARABLE STORE SALES INCREASE 4.1 PERCENT

SEPT. SALES INCREASE 66 PERCENT WITH YEAR-TO-DATE SALES UP 63 PERCENT; EVERYTHING'S $1.00 REPORTS COMPARABLE STORE SALES INCREASE 4.1 PERCENT
 MILWAUKEE, Oct. 7 /PRNewswire/ -- Sales of Value Merchants, Inc. (NYSE: VMI), for the five weeks ended Oct. 3, 1992, for its retail and wholesale operations increased 66.1 percent to $28.9 million from $17.4 million a year ago. Year-to-date revenues through the first 35 weeks of the fiscal year were 63.4 percent ahead of a year ago, totaling $174.1 million compared with $109 million a year ago.
 Value Merchants, Inc. is a value retailer of close-out merchandise and the nation's largest wholesaler of close-out toys. The company's retail divisions operated 472 stores at the close of the five-week period, a 70 percent increase compared with the 277 stores a year ago including 344 Everything's $1.00 variety retail stores (compared with 167 a year ago) and 128 Toy Liquidators toy stores (compared with 110 a year ago).
 Comparable store sales for Everything's $1.00 (104 stores) increased 4.1 percent for the five-week period from a year ago. Total sales for Everything's $1.00 for the five-week period were 107.4 percent ahead of a year ago.
 Toy Liquidators' comparable store sales (90 stores) decreased 5.2 percent from the same period a year ago. Total sales for the five weeks increased 3 percent from a year ago.
 The following table summarizes the sales performance for the five- week and 35-week periods:
 NET SALES - TOTAL OPERATIONS
 (In Millions)
 FIVE WEEKS ENDED
 Oct. 3, 1992 Oct. 5, 1991 Percent Increase
 $28.9 $17.4 66.1
 THIRTY FIVE WEEKS ENDED
 Oct. 3, 1992 Oct. 5, 1991 Percent Increase
 $174.1 $109.0 63.4
 NET SALES - RETAIL OPERATIONS
 PERCENTAGE INCREASE FROM PRIOR YEAR
 Everything's A $1.00
 No. of Stores Percent Increase
 1992 1991 September 35 Weeks
 Comparable Stores 104 104 4.1 (1.3)
 Total Stores 344 167 107.4 114.3
 Toy Liquidators
 No. of Stores Percent Increase
 1992 1991 September 35 Weeks
 Comparable Stores 90 90 (5.2) (7.5)
 Total Stores 128 110 3.0 3.2
 NOTE: Comparable Stores are all stores opened prior to Feb., 1991.
 -0- 10/7/92
 /CONTACT: Gary I. Kastel, director of communications for Value Merchants, Inc., 414-274-2976/
 (VMI) CO: Value Merchants, Inc. ST: Wisconsin IN: REA SU:


BM -- CL008 -- 7591 10/07/92 16:47 EDT
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Date:Oct 7, 1992
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