Advertisement

May Department Stores expects a slower quarter.

Share

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.

Advertisement