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Exhibit 99.2                                        NEWS RELEASE


Springs Industries, Inc.                            Contact:  Robert E. Slough 
P.O. Box 70                                         Director of Public Relations
Fort Mill, SC 29716                                 Office: 803/547-3738
                                                    Home: 803/366-6646


FOR IMMEDIATE RELEASE                               June 18, 1996



         LANCASTER, S.C.--Springs Industries said today the company will spend
$15 million to modernize and expand Grace Fabrication Plant at Lancaster and
convert its Riverlawn Fabrication Plant at Fort Lawn to a distribution center.

         "The expansion at Grace will add about 350 new jobs," said M.L.
Deaton, vice president--fabrication for Springs' Bed Fashions Group.  "There
are about 250 production jobs at Riverlawn Plant and our plan calls for
offering all of these associates a transfer to Grace, which is about two miles
away.  When the project is completed there will be a net gain of some 100 jobs
in the Lancaster area."

         Springs fabricates sheets and pillowcases at Grace and soft window
treatments and bedspreads at Riverlawn, which was built in 1974 inside part of
a fiber storage warehouse.

         Some bedding accessories will continue to be manufactured at Riverlawn
until some time in 1998, Deaton said, but as associates transfer to Grace
production at Riverlawn will gradually shift to other facilities, primarily
Lyman Fabrication Plant in Lyman, S.C.  Springs also operates a second bedding
fabrication plant at Fort Lawn as well as bedding fabrication plants in
Piedmont, Alabama.

         "We expect the project to be completed in about two years," Deaton
said, "so that associates who transfer from Riverlawn to Grace will do so over
a long period of time.  Our goal is to make the transition period as smooth as
we possibly can."





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