ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Friday, March 8, 1996 TAG: 9603080085
SECTION: BUSINESS PAGE: B7 EDITION: METRO
Hanover Direct Inc.
4th qtr. ended 12-30 1995 1994
Revenues $221.2 million $226.3 million
Net Income ($8.0 million) $8.2 million
Share earnings (9 cents) 9 cents
Year ended 12-30
Revenues $749.8 million $768.9 million
Net Income ($30.0 million) $14.8 million
Share earnings (32 cents) 16 cents
Catalog retailer Hanover Direct, based in Weehawken, N.J., operates two telemarketing and order-fulfillment centers in Roanoke. Fourth-quarter results include $1.7 million in start-up charges associated with the opening of a new Roanoke facility, $5.3 million for catalog and facility closings and $1.7 million in other charges.
Kmart Corp.
4th qtr. ended 1-31 1996 1995
Revenues $10.53 billion $9.88 billion
Net Income ($420 million) $145 million
Share earnings (91 cents) 31 cents
Fourth-quarter losses for Troy, Mich.-based Kmart were due to charges of $51 million, or 11 cents per share, to restructure real estate and bank debt, and $390 million, or 85 cents, for new accounting rules governing impaired assets.
United States Cellular Corp.
4th qtr. ended 12-31 1995 1994
Revenues $136.9 million $95.6 million
Net Income $19.8 million $1.2 million
Share earnings 23 cents 2 cents
Full year ended 12-31
Revenues $492.4 million $332.4 million
Net Income $99.7 million $16.4 milliion
Share earnings $1.19 21 cents
U.S. Cellular Corp. is a cellular telephone service provider that has offices in Roanoke and provides cellular services in much of Virginia.
*Figures in parentheses indicate a loss.
LENGTH: Short : 50 linesby CNB