GALARIES LAFAYETTE: ’96 SALES FLAT
PARIS — Galeries Lafayette reported Wednesday that sales last year held at about the same level as in 1995.
The department store firm’s consolidated sales before taxes in 1996 came to $5.13 billion (28.72 billion francs) at current exchange. A year earlier, sales totaled 28.70 billion francs.
The company’s full results for the year, including profits, are to be announced in early April.