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February 16, 2001 | From Bloomberg News and Reuters
May Department Stores Co. on Thursday said fiscal fourth-quarter profit rose only slightly after the retailing industry suffered its slowest holiday season in at least five years. Meanwhile, Office Depot Inc. and catalog retailer Spiegel Group Inc. reported lower fourth-quarter profits and said a slowing U.S. economy will crimp future results. May, whose chains include Hecht's, Lord & Taylor and Robinson May, is the first major retailer to report results for the quarter.
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BUSINESS
February 16, 2001 | From Bloomberg News and Reuters
May Department Stores Co. on Thursday said fiscal fourth-quarter profit rose only slightly after the retailing industry suffered its slowest holiday season in at least five years. Meanwhile, Office Depot Inc. and catalog retailer Spiegel Group Inc. reported lower fourth-quarter profits and said a slowing U.S. economy will crimp future results. May, whose chains include Hecht's, Lord & Taylor and Robinson May, is the first major retailer to report results for the quarter.
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