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VALUE MERCHANTS, INC. REPORTS 58 PERCENT INCREASE IN MARCH SALES

 VALUE MERCHANTS, INC. REPORTS 58 PERCENT INCREASE IN MARCH SALES
 MILWAUKEE, April 9 /PRNewswire/ -- Value Merchants, Inc. (NYSE: VMI) reported net revenues for the five weeks ended April 4, 1992, for all operations increased 57.5 percent to $21.7 million from $13.8 million a year ago with a 0.1 percent comparable store sales increase reported for the company's Everything's $1.00 stores and a comparable store sales decline of 20.7 percent for the company's Toy Liquidators stores for the five-week period.
 Comparable sales between years are affected by the sales surge related to Easter which will occur in April 1992 versus March 1991. In addition, and as anticipated, store sales for Toy Liquidators reflected a disruption in merchandise shipments resulting from the relocation of the company's Toy Distribution Center from Knoxville, Tenn. to Indianapolis.
 Overall, Everything's $1.00 reported a sales increase of 123.3 percent for the five weeks and Toy Liquidators had a sales decline of 6.2 percent for the five weeks ended April 4.
 Value Merchants, Inc. is a value retailer, operating 229 Everything's $1.00 stores and 113 Toy Liquidators stores and is the nation's largest wholesaler of close-out toy merchandise. At the close of the five-week period, Value Merchants, Inc. operated 121 more Everything's $1.00 stores than a year ago and 17 more Toy Liquidators stores.
 The following table summarizes the sales performance for the five- week and nine-week periods:
 Net Sales - Total Operations
 (In Millions)
 Five Weeks Ended Nine Weeks Ended
 4/4/92 4/6/91 Pct. Inc. 4/4/92 4/6/91 Pct. Inc.
 $21.7 $13.8 57.5 $35.5 $22.4 58.6
 Net Sales - Retail Operations
 Percentage Increase from Prior Year
 Everything's $1.00
 No. of Stores Pct. Increase
 1992 1991 March 9 Wks
 Comparable Stores 104 104 0.1 (2.5)
 Total Stores 229 108 123.3 114.7
 Toy Liquidators
 No. of Stores Pct. Increase
 1992 1991 March 9 Wks
 Comparable Stores 92 92 (20.7) (16.4)
 Total Stores 113 96 (6.2) (1.6)
 Note: Comparable stores are all stores opened prior to February 1991.
 -0- 4/9/92
 /CONTACT: Gary I. Kastel, director of communications for Value Merchants, Inc., 414-274-2976/
 (VMI) CO: Value Merchants, Inc. ST: Wisconsin IN: REA SU:


KK -- CL005 -- 6642 04/09/92 09:52 EDT
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Date:Apr 9, 1992
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