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Woolworth Corp.: The New York-based retailer reported...

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From Times Staff and Wire Service Reports

Woolworth Corp.: The New York-based retailer reported second-quarter net income of $50 million, up 4% from the same period last year, on revenue of $2.19 billion, an increase of 10.5%. The company said improvements in European, domestic Woolworth and domestic Kinney operations offset profit declines from increased promotional activity in some specialty chains and the Canadian and Australian operations.

Tables, D6

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