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C O N S O L I D A T E D   S T A T E M E N T S    O F   I N C O M E   
Fiscal Year Ended
Dollars in Thousands Except Per Share Amounts January 30,
1999
January 31,
1998
January 25,
1997
(53 weeks)
Net sales $7,949,101  $7,389,069  $6,689,410 
Cost of sales, including buying and occupancy costs 5,957,415  5,676,541  5,198,783 
Selling, general and administrative expenses 1,285,988  1,185,755  1,087,137 
Interest expense, net 1,686  4,502  37,350 
Income from continuing operations before
   income taxes and extraordinary item 704,012  522,271  366,140 
Provision for income taxes 270,810  215,679  152,314 
Income from continuing operations before extraordinary item 433,202  306,592  213,826 
Discontinued operations:
   Income from discontinued operations, net of income taxes - 29,361 
   Gain (loss) on disposal of discontinued
        operations, net of income taxes (9,048) 125,556 
Income before extraordinary item 424,154  306,592  368,743 
Extraordinary (charge), net of income taxes - (1,777) (5,620)
Net income 424,154  304,815  363,123 
Preferred stock dividends 3,523  11,668  13,741 
Net income available to common shareholders $420,631  $293,147  $349,382 
Basic earnings per share:
   Income from continuing operations
      before extraordinary item $  1.35  $  .92  $.66 
   Net income $  1.32  $  .91  $1.16 
   Weighted average common shares - basic 318,073,081  321,474,046  300,926,904 
Diluted earnings per share:
   Income from continuing operations
      before extraordinary item  $  1.29  $  .88  $.61 
   Net income $  1.27  $  .87  $1.04 
   Weighted average common shares - diluted 334,647,950  349,612,184  350,650,100 
Cash dividends per share $.12  $  .10  $.07 
The accompanying notes are an integral part of the financial statements.


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