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UNITED RETAIL GROUP, INC., SEPTEMBER 1992 SALES INCREASE 36 PERCENT

    UNITED RETAIL GROUP, INC., SEPTEMBER 1992 SALES INCREASE 36 PERCENT
    ROCHELLE PARK, N.J., Oct. 8 /PRNewswire/ -- United Retail Group, Inc. (NASDAQ-NMS: URGI), today announced that total sales for September 1992 were $32.3 million compared to $23.7 million in September, 1991, a 36 percent
increase.   Sales for comparable stores for the month increased 8 percent.
    Sales for comparable stores for September increased in the low double digits for Sizes Unlimited, the strip-based stores, and increased in the mid-single digits at The Avenue, the mall-based stores.
    Year-to-date total sales for fiscal 1992 were $214.0 million, a 21 percent increase, compared to $177.2 million last year.  Year-to-date sales for comparable stores for fiscal 1992 increased 7 percent. (February is the first month of the company's fiscal year.)
    Average store inventories, at month end, were slightly over plan. Merchandise margins for the month were satisfactory.
    George R. Remeta, executive vice president and chief financial officer, reported that United Retail's new arrangements for credit card processing and outsourcing of management information systems are being implemented ahead of schedule and the transition will be fully completed before the end of October 1992.  He added that ongoing costs for the two functions will be less than anticipated and that operations in both areas will fully satisfy United Retail's business objectives. Mr. Remeta also stated that the construction of a national distribution center is progressing well and is expected to be completed on schedule in the second fiscal quarter of 1993.
    United Retail runs major retail chains devoted to large-size women's clothing.  The chains are composed of Sizes Unlimited, which has 236 stores; The Avenue, which has 157 stores; and 16 Plus, which has 95 stores.
    -0-                      10/8/92
    /CONTACT:  George R. Remeta, executive vice president and chief financial officer of United Retail, 201-909-2110/
    (URGI) CO:  United Retail Group, Inc. ST:  New Jersey IN:  REA SU: SM-TS -- NY001 -- 0262 10/08/92 08:51 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
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