May Department Stores expects a slower quarter.
David C. Farrell, president of the St. Louis-based parent of May Co. California, said sales so far in June have been better than May’s 5.6% gain, but he does not expect the gain in second quarter sales and for the rest of the year to exceed the first quarter sales increase of 14% from a year earlier. However, May Department Stores’ 1985 sales will surpass $5 billion and profits are expected to hit a new record, he told the company’s annual meeting.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.