Retailers do wellThree national retailers reported fiscal...

BUSINESS DIGEST

November 10, 1992

Retailers do well

Three national retailers reported fiscal third-quarter results yesterday that offered support for Wall Street's contention that consumers are beginning to open their wallets in time for the holiday selling season.

Dillard Department Stores Inc. reported a double-digit gain in net income. Although May Department Stores Co. posted a loss, its operating earnings also grew by double digits. And Ann Taylor Stores Corp., which had struggled for two years to turn around its weak specialty store business, posted an 18 percent increase in net.

MCI goes wireless

MCI Communications Corp. jumped into the wireless telephone business yesterday with a proposal to form a consortium for nationwide mobile telephone network and a request for federal permission to build and operate the network.

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