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 Milton Petrie, chairman of Petrie Stores Corp., said 
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he has agreed to sell his 15.2% stake in Deb Shops Corp. to Petrie Stores.
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 In a Securities and Exchange Commission filing, Mr. Petrie said 
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that on Oct. 26 Petrie Stores agreed to purchase Mr. Petrie's 2,331,100 Deb Shops shares.
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 The transaction will take place tomorrow.
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 The filing said 
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Petrie Stores of Secaucus, N.J., is purchasing Mr. Petrie's Deb Shops stake as an investment. 
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Although Petrie Stores has considered seeking to acquire the remaining equity of Deb Stores, 
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it has no current intention 
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to pursue such a possibility, 
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the filing said.
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 Philadelphia-based Deb Shops said 
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it saw little significance in Mr. Petrie selling his stock to Petrie Stores.
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 We didn't look at it 
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and say, 
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`Oh my God, something is going to happen, ' 
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said Stanley Uhr, vice president and corporate counsel.
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 Mr. Uhr said 
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that Mr. Petrie or his company have been accumulating Deb Shops stock for several years, 
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each time issuing a similar regulatory statement.
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 He said 
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no discussions currently are taking place between the two companies.
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