OTHER NEWS - Sept. 29, 1992

Macy Sales Down 10.1%: R.H. Macy & Co., the department store company forced into bankruptcy by huge debts, reported a 10.1% fall in comparable store sales for August and said it expects no recovery until the Christmas selling season. In a statement released to the New York bankruptcy court overseeing its affairs, Macy said sales were $462.4 million in the four weeks ending Aug. 29, with a net loss in the period of $34.7 million, or $21.43 per share. The prior year’s figures were not available.