Metro expects to post higher earnings

Article Abstract:

Metro AG is expecting post an improvement in its earnings for the first-half of 1999. The retail company is expected to report between 20.61 billion euros and 20.78 billion euros in sales for the period. Metro's operating profits will hit approximately 82.27 million euros. The company adjusted net sales reached 25.55 billion marks (13.06 billion euros) in the same period in 1998.

Germany, Sales, profits & dividends, Retail Trade, Abstract, Metro Group AG

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Lechters files for protection from creditors

Article Abstract:

Lechters Inc. has filed for bankruptcy protection in the United States. The company is currently undergoing a restructuring after seeing years of lower-than-expected earnings.

United States, Organizational history, All Other Home Furnishings Stores, Misc. homefurnishings stores, Home Furnishings Stores NEC, Cases, Home furnishings industry, Bankruptcy, Home furnishings stores, Lechters Inc., LECH

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