Retailers Still Forecast Holiday Sales Rise 6.5 to 7 Percent
Retail executives and analysts remain optimistic that Christmas season sales will increase about 6.5 to 7 percent despite modest November gains by major general merchandisers. Sears and J.C. Penney posted small increases, while Kmart showed a 7.3 percent rise though store performance lagged. Weather and lingering debt pressures likely trimmed shoppers' spending, with five weeks after Thanksgiving critical to annual results.
MENTIONED IN THIS ARTICLE
Jeffrey
Leading General Retailers Sales in November 1986
November 1986 sales figures from Leading General Retailers show continued growth across core categories. Key performers include national chains and regional outlets, with expanding store footprints and steady consumer demand contributing to the rise in overall sales.
Kansas court hears challenge to Farm Preservation Act
An attorney for the Federal Land Bank of Wichita argues the Legislature created a "mechanical monster" with a new law to stall farm foreclosures. The act would delay mortgage foreclosures for solvent farmers up to three years, requiring only partial interest payments, and applies to pre-1986 loans. Justices and observers debate retroactivity and impact on contracts and bankruptcy.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Federal Land Bank of
Wichita
Kansas Supreme Court
Calvin J. Karlin
Supreme Court
Karlin
Land Bank
Congress
Federal Farm Credit System
Beached whales rescue ends with humane euthanasia and releases
In Eastham Massachusetts volunteers helped about 25 pilot whales stranded on First Encounter Beach. About 22 died or were euthanized while 25 returned to sea. Bianca the largest calf was pulled off the beach and later swam away. Two calves were moved to an aquarium for care and later release. Scientists seek reasons for recurring strandings in Cape Cod Bay.
MENTIONED IN THIS ARTICLE
Eastham
Mass
Marilyn Schmidt
Bianca
First Encounter Beach
Salt Pond
New England Aquarium
Boston
Aquarium
Sandra Goldfarb
Ms. Goldfarb
Boston Harbor
Robert Prescott
Massachusetts
Farmland Charts Austere Course
Farmland Industries plans a no frills restructuring with more layoffs in phase two on Dec. 15 and through mergers, acquisitions and consolidations. President James L. Rainey told 1,300 delegates in Kansas City that the co op must become leaner after a $159 million fiscal 1986 loss, with initial figures showing a $46.1 million operating loss for the new year. He warned of superfarmers who farm thousands of acres and urged competitive pricing and a consulting relationship to win and retain their business.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Farmland Industries
Cooperative
Farmland
James L. Rainey
Co-Op
Rainey
Petroleum and Agricultural Chemicals
Feed and Food
Also Mentioned on This Page
James F. Peltip
Feiner
Merrill Lynch & Co
Sears, Roebuck & Co
J.C. Penney Co
Kmart Corp
Jeffrey Edelman
Drexel Burnham Lambert Inc
Fred E. Wintzer Jr
Alex. Brown & Sons Inc
Baltimore
Sears
Kmart
Wal-Mart Stores Inc
May Dept. Ae
FLB
Washington County
Richard Wahl
Wahl
Delwin Bott
Clarence
Ethel Nelson
Republic County
Dale Sprague
McPherson
Sprague
Scott Hess
William Madden
Hays
Nelsons
U.S. Treasury
Main Street
Etre
Joseph Geraci
Ontario Veterinary College
Canada
Brewster
Didmiz
Reason
Tawney
Chevrolet Ids, Inc
Ottawa
Front St
Perry
A&b
P.H. Smith
Thixton & Millett Co
Mills
M.T
John Deere
Ken Hornberger
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