Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

Retailing

March 15, 1994|From Times Staff and Wire Reports

Carter Hawley Posts Loss: Carter Hawley Hale Stores, operator of the Broadway department store chain, reported a net loss of $95.9 million for the 52-week period ended Jan. 19. Non-recurring charges--including the costs of voluntary work force reductions and earthquake damage--accounted for $45 million of the loss. The Los Angeles-based retailer had earnings of $1.2 billion for the same period a year ago, but the 1992 profit stemmed partly from debt reductions and asset adjustments relating to the company's emergence in October, 1992, from Chapter 11 bankruptcy protection.

Advertisement
Los Angeles Times Articles
|
|
|