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VALUE MERCHANTS ANNOUNCES SALES RESULTS FOR FISCAL 1992 AND MONTH OF JANUARY

 MILWAUKEE, Feb. 3 /PRNewswire/ -- Value Merchants, Inc. (NYSE: VMI), a Milwaukee-based national retailer and wholesaler of close-out merchandise, reported total sales for fiscal 1992, ended Jan. 30, 1993, increased 54.5 percent over sales for the same period a year ago. For the month of January, total sales were 54.8 percent ahead of a year ago. At year-end, the operation of Value Merchants, Inc. included 411 Everything's $1.00 close-out variety stores and 121 Toy Liquidators close-out toy stores. Additionally, the company operates the nation's largest wholesaler of close-out toys.
 The following table summarizes the company's sales performance for the four-week and 52-week periods ended Jan. 30, 1993:
 Net Sales -- Total Operations
 (in Millions)
 Four Weeks Ended 52 Weeks Ended
 Jan. 30, Feb. 1, Pct. Jan. 30, Feb. 1, Pct.
 1993 1992 Increase 1993 1992 Increase
 $19.5 $12.6 54.8 $363.5 $235.2 54.5
 Net Sales -- Retail Operations
 Percentage Increase from Prior Year
 Everything's $1.00
 No. of Stores Pct.
 1992 1991 Increase
 January 52 Weeks
 Comparable stores 101 101 -11.8 -3.0
 Total stores 411 208 77.6 95.7
 Toy Liquidators
 No. of Stores Pct.
 1992 1991 Increase
 January 52 Weeks
 Comparable stores 83 83 -8.6 -6.4
 Total stores 121 111 4.8 10.9
 Note: Comparable stores are all stores opened prior to February, 1991.
 -0- 2/3/93
 /CONTACT: Gary I. Kastel, Director of Communications, Value Merchants, Inc., 414-274-2976/
 (VMI)


CO: Value Merchants, Inc. ST: Wisconsin IN: REA SU:

JG -- CL019 -- 2608 02/03/93 17:04 EST
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Date:Feb 3, 1993
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