Home Textiles Today - March 17, 2003
Features
ShopKo sales and profits dip in 4Q
Fourth-quarter profits at ShopKo Inc. slipped by 6.3 percent, to $32.7 million from $34.9 million, as sharply stronger profits at the retailer's rebounding Pamida division were offset by weaker returns at the larger ShopKo Stores unit. Taking a further bite, ShopKo rang up $6.0 million in pre-tax restructuring costs stemming from an earlier operations overhaul.
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