THE VIRGINIAN-PILOT 
              Copyright (c) 1995, Landmark Communications, Inc.

DATE: Tuesday, April 11, 1995                TAG: 9504110305
SECTION: BUSINESS                 PAGE: D1   EDITION: FINAL 
TYPE: Daily Digest 
                                             LENGTH: Short :   20 lines

PROFITS JUMP 77 PERCENT AS ROSE'S REORGANIZES

Rose's Stores Inc. said its fourth-quarter earnings rose 77 percent as the Henderson, N.C.-based discounter continued to close stores and reorganize. Its net income rose to $3.7 million in the quarter ended Jan. 28 from $2.1 million a year earlier. Quarterly sales fell 40 percent to $223 million from $371 million because of closed stores. For fiscal 1994, Rose's lost $51 million compared with a $66 million loss a year earlier. The company is expected to emerge from bankruptcy protection later this month. (Staff) by CNB