Fiscal Year Ended
	January 31,	January 25,	January 27,
Dollars in Thousands Except Per Share Amounts	1998	1997	1996
	(53 weeks)
Net sales	$7,389,069	$6,689,410	$3,975,115
Cost of sales, including buying and occupancy costs	5,676,541	5,198,783	3,143,257
Selling, general and administrative expenses	1,185,755	1,087,137	669,876
Store closing costs	-	-	35,000
Interest expense, net	4,502	37,350	38,186
Income from continuing operations before
income taxes and extraordinary item	522,271	366,140	88,796
Provision for income taxes	215,679	152,314	37,207
Income from continuing operations
before extraordinary item	306,592	213,826	51,589
Discontinued operations:
Income from discontinued operations,
net of income taxes	-	29,361	9,710
Gain (loss) on disposal of discontinued
operations, net of income taxes	-	125,556	(31,700)
Income before extraordinary item	306,592	368,743	29,599
Extraordinary (charge), net of income taxes	(1,777)	(5,620)	(3,338)
Net income	304,815	363,123	26,261
Preferred stock dividends	11,668	13,741	9,407
Net income available to common shareholders	$293,147	$349,382	$16,854
Basic earnings per share:
Income from continuing operations
before extraordinary item	$1.83	$1.33	$ .29
Net income	$1.82	$2.32	$ .12
Weighted average common shares - basic	160,737,023	150,463,452	144,830,352
Diluted earnings per share:
Income from continuing operations
before extraordinary item	$1.75	$1.22	$ .29
Net income	$1.74	$2.07	$ .12
Weighted average common shares - diluted	174,806,092	175,325,050	145,390,950
Cash dividends per share	$ .20	$ .14	$.245
The accompanying notes are an integral part of the financial statements.