European Stars and Stripes (Newspaper) - July 31, 1990, Darmstadt, Hesse Page 20the stars and stripes tuesday july 31,1990 retail giants facing lean times As consumer spending wanes today a crossword new York apr the increasing likelihood of leaner times for the rest of the year will pile More problems on retailers struggling to stand out in a crowded pack and maintain Market share analysts say. Laggard performers like Sears Roebuck and co., will have Tough jobs boosting profitability if consumer spending continues to slow. A by contrast powerhouses that have managed to motor along strongly despite a difficult economic environment Are poised to go Forward without a Blip in their balance sheets. In other words the Wal marts of this world will prevail. In an application of Daw in a theory of evolution the efficiently run retailers will survive and Prosper while the weak ones could be headed for extinction said Edward a. Weller of Montgomery securities in san Francisco. No one wants to put Sears on the endangered species list. But it is Clear that the nations latest retailer has More than a few things in common with the proverbial Dinosaur. This past week Sears posted a 39 percent drop in second Quarter earnings. Although High insurance payouts by its Allstate insurance group took a heavy toll on the company analysts were More con . Temperatures Abilene, Akron Canton a Albany, Albuquerque a Allentown to Amarillo Asheville,1 Atlanta Atlantic Austin a Baton Rouge a Billings Bismarck to Boston Bridgeport a Brownsville a Buffalo a Caribou Casper Charleston cd chari.,wva.,c Hilo 92 is so 60 91 60 93 64 64 66 87 65 66 52 63 66 88 73 79 71 96 75 66 71 96 73 82 59 91 67 85 61 94 65 72 63 79 69 95 74 90 67 87 64 85 61 60 51 87 74 67 64 Chari Otte, Chattanooga to Cheyenne a Chicago Cincinnati Colorado Columbia, columbus.ga., concord.n.h., Carpus Dallas it Daytona Denver c Des Moines Detroit r Duluth c Al Eugene Evansville a Fairbanks Fargo Flagstaff Chi to 90 69 91 66 73 48 87 73 89 66 88 65 ceded by the retailing results. The drag on earnings caused by Allstate was considered a one time event. The problems within the Sears merchandise group which reported a 32 percent decline in operating income indicates something might be Rotten at the Core of the company. Long gone Are the Days when the retail giant was an Industry Standard bearer. An Effort begun last year to regain its glory by revamping merchandise strategy still Hasni to borne fruit. Sears double pronged program involving the introduction of More National brands from general electric appliances to Pirelli tires european weather temperatures recorded sunday. 4am 4nm 61 90 Copenhagen 61 73 Frankfurt p 73. 59 64 63 66 London c 86 Madrid i 82 Munich p 67 Pari f 4tm4pm 63 68 88 55 59 55 63 82 77 82 88 61 91 Adana 1 Matt Tram i Athens t Autano f Baffin p Brama Roitvan a a. A. S Brussels p 64 79 Roma f 70 a provided by dal 13.2nd weather Wing Traban Trarbach other worldwide temperatures. High Low 03 72 Montreal. F a a Moscow e 68 55 Oake 62 63 Toronto f 82. 84 Vancouver. I a supplied by the Alao Cittad press a Cloudy a partly Cloudy it. Cairo f Dublin. A Helsinki t Jerusalem c Lisbon t High Low 63 50 61 Yii 64 79 86 75 57 july 28 Hilo 81 52 90 70 02 72 87 64 84 6,1 93 74 100 70 88 69 68 70 82 54 85 67 88 68 79 62 69 65 85 52 85 64 90 60 93 68 75 58 91 62 86 55 fort Smith fort Wayne a Goodland grand Junction grand rapids great Falls Green Bay groensb., Harrisburg Hartford Helena Honolulu Houston Huntsville,ala.,c Indianapolis Jackson Jacksonville Juneau Kan us City Knoxville Lake vegas Lix Langton Lincoln 66 65 99 71 66 63 100 70 82 56 94 62 86 67 78 50 87 71 86 66 66 68 88 68 82 51 88 75 96 74 91 67 88 69 90 71 89 73 71 57 88 88 89 67 97 75 86 64 106 76 69 64 86 66 Little Rock lot angelas. Louisville Lubbock Macon of Madison Memphis Miami Beach Milwaukee. Mils so Montgomery Nashville c new Orleans new York City Newark nortolk.va., North Platte Oklahoma City Omaha Orlando Paducah Peoria Philadelphia Phoenix and a switch to an everyday Low pricing policy appears to be sparking Little buying enthusiasm among customers. Analysts say the moves May have been made too late. Or maybe it just takes an extra Long time to change the course of Sucre a Mammoth operation. Indeed it will take a lot to influence the Bottom line of a company that annually reels in More than $30 billion in Revenue. Quot Sears and k Mart Are working like hell to get efficient but there Isnit much evidence that they re a complis Irig it yet a said Wellein i think its going to be Tough for . Sears and to a lesser extent its nearest rival k Mart Are playing catch up a even though they outrank All their competitors in terms of nationwide sales volume. This leaves room for nimbler competitors such As Wal Mart stores inc., to Man Euver in building up marketplace clout. Wal Mart which is pursuing an aggressive expansion Campaign is widely expected to eventually unseat Sears and k Mart from their top positions on the National retail roster. How soon a or whether a the nos. 1 and 2 retailers get knocked from the top of the Heap May depend on How they fare in the near future. 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