RETAIL
- Share via
Profitable Period at Carter Hawley: Carter Hawley Hale Stores said debt reductions and asset adjustments stemming from its emergence from Chapter 11 bankruptcy reorganization helped the company generate net income of $1.2 billion in the nine-week period ended Oct. 3. The Los Angeles-based parent of the Broadway stores last week reported sales for the four-week period ended Nov. 28, 1992. The latest report, based on business conducted in August and September, had been delayed until auditing adjustments were made. The company said it discharged debt totaling $304.4 million as a result of bankruptcy reorganization during the nine-week period. The company’s assets also rose by $892 million as a result of accounting changes allowed when the retailer emerged from bankruptcy last October.
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.