ROANOKE TIMES 
                      Copyright (c) 1996, Roanoke Times

DATE: Friday, May 17, 1996                   TAG: 9605170061
SECTION: BUSINESS                 PAGE: B-7  EDITION: METRO 

REPORTED EARNINGS GAP INC. 1ST QTR. ENDED 5-4 1996 1995 REVENUES $1.11 BILLION $848.7 MILLION NET INCOME $81.6 MILLION $50.1 MILLION SHARE EARNINGS 28 CENTS 17 CENTS GAP, SAN FRANCISCO-BASED APPAREL RETAILER, OPERATES A STORE IN ROANOKE. WOOLWORTH CORP. 1ST QTR. ENDED 4-27 1996 1995 REVENUES $1.82 BILLION $1.79 BILLION NET INCOME ($22 MILLION) ($80 MILLION) SHARE EARNINGS (17 CENTS) (60 CENTS) NEW YORK-BASED WOOLWORTH OPERATES F.W. WOOLWORTH, CHAMPS SPORTS, FOOT LOCKER AND LADY FOOT LOCKER STORES IN THE ROANOKE VALLEY. FIRST-QUARTER RESULTS INCLUDE A $13 MILLION LOSS RELATED TO THE CLOSING OF THE 20-STORE RX PLACE DRUG MART CHAIN. |*FIGURES IN PARENTHESES INDICATE A LOSS.

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