Major retailers report mixed December sales
Major U S retailers posted mixed December results with overall disappointment. Sears rose 4.7 percent in five weeks to Dec 29, Kmart up 12.4 percent in comparable stores, and J C Penney up 6.8 percent. Analysts called the month very mixed and below expectations.
MENTIONED IN THIS ARTICLE
Sears, Roebuck and Co
Kmart Corp
J.C. Penney Co
Jeffrey Feiner
Merrill Lynch, Pierce, Fenner & Smith Inc
David Taylor
Prudential Bache Securities Inc
Kmart
Sears
Penney
Woolworth
Jeffrey Edelman
Dean Witter Reynolds Inc
Chicago
Xmart
Troy
Mich
Federated Department Stores Inc
Cincinnati
Mobil Corp
F.W. Woolworth Co
Wal-Mart Stores Inc
No. 8
Bentonville
Ark
Wal-Mart
Christmas season boosts retail sales yet profits expected to fall
Retailers note a strong finish to December thanks to aggressive promotions, but analysts warn profits will decline about 5 percent year over year. Major chains including Sears and Penney report higher December and year-to-date sales, while some stores face leftover inventory prompting anticipated bargains for consumers.
MENTIONED IN THIS ARTICLE
Edelman
William R. Howell
Penney
Howell
Emart
Bernard M. Fauber
Taylor
Consumer officials sue Rockville buying service
Consumer officials filed suit against Consumer Central and Group Financial Corp. and officers Marvin S. Yoder and John M. McQueary for taking money for merchandise not delivered or returned. The firm, also known as Associated Distributors, operated from 15 W. Montgomery Ave. Deliveries were promised in two to four weeks but often never occurred. The suit seeks a permanent injunction, repayment of funds, and civil penalties under the county Consumer Protection Law. Barbara B. Gregg cautioned buyers that memberships raise item costs and urged shopping at local retailers with Maryland implied warranty protections.
MENTIONED IN THIS ARTICLE
Rockville
Consumer Central and Group Financial Corp
Marvin S. Yoder
John M. McQueary
Associated Distributors
Montgomery Ave
Susan Cohen
Office of Consumer Affairs
OCA
Barbara B. Gregg
Maryland
Stock market decline continues in New York
New York stocks ended another retreat as 1985 attempts at a rally failed. The Dow fell 9.05 to 1189.82, its lowest finish since December, with breadth negative as more stocks declined. Treasury bonds rose while housing sales dropped 10.6 percent in November, yet factory orders rose 4.3 percent, the strongest since June 1983. Volume rose on the NYSE to 105.68 million shares.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
NYSE
Treasury
Commerce Department
Standard & Poor
S&p
Also Mentioned on This Page
The
Associated Press
May Department Stores Co
St. Louis
Montgomery
Lipper Analytical Services, Inc
U.S
Value Trust
Lipper
Legg Mason Value Trust
IRA
KEOGH
Legg Mason
Legg Mason Wood Walker, Inc
W. Patrick St. Frederick
Mats Vita
Cash Reserve Trust
Dow Jones
London
Avemco Corp
Balt GE
Bell Au
CSX Corp
Clorox
Comsat
Exxon
Fairchild
Fst Md Bae
Gen Motors
Genex
GenStar
Hech
Hewl P
IBM
Litton
Lowes
Marriott Corp Am Undigd
Natl Cp Bu
Mercantile Bokshi Abv
AIM Murphy
No A Phil
Pensey
Plantraths Potomai
Ryan Homes Safeway
Undigd
Standex
Battistone Design Associates of
Frederick, Md
Design Resource Architects
West Church St
Frederick Md
Chamber of Commerce of Fred, Co. & F.C.C
Equitable Federal
Frederick
Frederick County National Bank
FDIC
North Market
Rosemont Ave
Patnel
Thomas Johnen
Ooriumtown
Pika T Mere Bianheng
Pone Shoe
Peniber Fei
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