Some major stores attain higher margins

Nordstrom Inc. reported for the 1st qtr. ending Apr. 30, 1994, a surge in earnings to $32 million from $11.3 million a year before. May Department Stores Co., on the other hand, reaped in profits amounting to $112 million from about $96 million recorded in 1993. Federated Department Stores Inc. likewise recorded higher profit margins amounting to $32.2 million from $21.7 million in 1993. Meanwhile, Dillard Department Stores Inc. posted flat earnings at $48.3 million.
NEW YORK (FNS) -- Higher profit margins propelled Nordstrom, May Department Stores and Federated to stellar operating performances in the first quarter ended April 30; meanwhile, Dillard posted flat earnings, [...]