F. W. Woolworth Profit Rises in Quarter, Half

F. W. Woolworth, the nation’s eighth-largest retailer, said its second-quarter profit rose 42% over a year ago, while profit for the first six months of the year increased 43%.

Net income for the three months ended July 31 came to $27 million, compared to $19 million in the same period a year earlier. Sales rose 2.4% to $1.393 billion.

In the first half, net income totaled $33 million, up from $23 million last year. Sales for the six months also increased, up 2.4% to $2.636 billion.