Clothestime : ANAHEIM

Nature of Business: Discount specialty retailer of women’s apparel.

Total Employees: 3,800

In Orange County: 800

Stock Listing in The Times: On NASDAQ as “Cloth”

Ticker Symbol: “CTME”

Friday’s Stock Close: $8.75

Change: Up $0.63

Analyst Review: “Clothestime is financially professional. It is a company mandate that it does not spend more than it makes. During the rough years, it slow expansion and repositions its merchandising; then, when it makes enough money, it pours it into expansion and upgrades. That formula has delivered impressive results over the past 20 months. Clothestime’s continued growth will continue a catalyst of improvement: It will grow the top line and leverage the central infrastructure; it will help further penetrate their satellite markets, and it will place it in a good position to target the Northeast, including New York. A peculiar nuance of retail stocks: When it obtains a heightened profile, it usually reflects well on its stock prices--just because Wall Street actually gets to see and use the stores.”

--Tom Tashjian, analyst, First Manhattan Co., New York

SALES and PROFITS Dollar amounts in millions

1st Qtr. 1990 1991 1992 1992 1993 Net Sales $187.6 $209.8 $260.3 $56.8 $68.3 Profits $.461 $.078 $5.5 $.552 $1.0

Corporate Outlook: “In these recessionary times, our customers demand fashion and value in their selections, and Clothestime has been successful in meeting this challenge. Our objective is to gain market share; we are planning to expand from approximately 436 stores currently to 1,000 stores by the year 2000. We believe we have the financial resources to do so--the company is very conservatively financed, has substantial cash reserves, unused lines of credit and no long term debt.”

--David A. Sejpal, chief financial officer

RETURN ON INVESTMENT: 3-YEAR SUMMARY AND YEAR-TO-DATE

Fiscal year ending Jan. 27 Jan. 26 Jan. 25 1st Qtr. 1st Qtr. 1990 1991 1992 1992 1993 52-Week High $15.25 $5.25 $12.13 $5.75 $13.25 52-Week Low $4.25 $1.38 $1.88 $1.88 $8.50 Book Value Per Share $2.90 $2.98 $3.34 $2.94 $3.34 Price Per Share $4.25 $1.97 $11.38 $5.38 $9.50 Net Earnings (Loss) $0.03 $0.01 $0.37 $0.04 $0.07 Per Share Price-to-Earnings Ratio 142:1 197:1 31:1 34:1 34:1 Avg. Return on Investor 1% N/A 11% 5% 8% Equity

For information write, Clothestime Inc.: 5325 E. Hunter Ave., Anaheim, Calif. 92807. (714) 779-5881, ext. 410 Source: Clothestime Inc.