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VALUE MERCHANTS, INC. JULY SALES INCREASE 52 PERCENT; YEAR-TO-DATE SALES CLIMB 60.5 PERCENT FROM A YEAR AGO

 VALUE MERCHANTS, INC. JULY SALES INCREASE 52 PERCENT;
 YEAR-TO-DATE SALES CLIMB 60.5 PERCENT FROM A YEAR AGO
 MILWAUKEE, Aug. 5 /PRNewswire/ -- Sales of Value Merchants, Inc. (NYSE: VMI) for the four weeks ended Aug. 1, 1992, for its retail and wholesale operations increased 52.1 percent to $23.5 million from $15.5 million a year ago. Year-to-date revenues through the first 26 weeks of the fiscal year were 60.5 percent ahead of a year ago, totalling $120 million compared with $74.7 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 434 stores at the close of the four-week period compared with 250 stores a year ago, including 313 Everything's $1.00 variety retail stores (compared with 147 a year ago) and 121 Toy Liquidators toy stores (compared with 103 a year ago).
 Total sales for Everything's $1.00 were 111.5 percent ahead of a year ago. Comparable store sales for Everything's $1.00 (104 stores) decreased 0.7 percent for the four-week period from a year ago.
 Toy Liquidators reported a decrease in total sales of 3.7 percent from a year ago. Comparable store sales (91 stores) decreased 13.5 percent from the same period a year ago.
 The following table summarizes the sales performance for the four- week and 26-week periods:
 Net Sales - Total Operations
 (In Millions)
 Four Weeks Ended
 Aug. 1, 1992 Aug. 3, 1991 Percent Increase
 $23.5 $15.5 52.1
 Twenty Six Weeks Ended
 Aug. 1, 1992 Aug. 3, 1991 Percent Increase
 $120.0 $74.7 60.5
 Net Sales - Retail Operations
 Percentage Increases from Prior Year
 Everything's A $1.00
 No. of Stores Percent Increase
 1992 1991 July 26 Weeks
 Comparable Stores 104 104 (0.7) (2.8)
 Total Stores 313 147 111.5 118.1
 Toy Liquidators
 No. of Stores Percent Increase
 1992 1991 July 26 Weeks
 Comparable Stores 91 91 (13.5) (6.6)
 Total Stores 121 103 3.7 5.8
 NOTE: Comparable Stores are all stores opened prior to February 1991.
 -0- 8/5/92
 /CONTACT: Gary I. Kastel, director of communications of Value Merchants, Inc., 414-274-2976/
 (VMI) CO: Value Merchants, Inc. ST: Wisconsin IN: REA SU:


KK -- CL014 -- 7315 08/05/92 17:45 EDT
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Publication:PR Newswire
Date:Aug 5, 1992
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