USA: Value City Posts Q2 Loss, Increases Credit Line
Second-quarter sales at offprice retailer Value City Department Stores Inc increased 1.6 per cent to $536.5m from $528.2m in the quarter to 4 August 2001. Same-store sales decreased 4.5 per cent. The company's net loss for the quarter was $5.8m, or $0.17 per share, versus a net income of $0.1m, or zero per share for last year.
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