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Subject:  Earnings Date:  8/14/1997  8:54 AM
Author:  TMFMensa Number:  7 of 71

NEW YORK, Aug. 14 /PRNewswire/ -- Woolworth Corporation (NYSE:Z) today reported that income from continuing operations for the 13-weeks ended July 26, 1997 was $26 million, or $0.19 per share, unchanged from the restated year-earlier period. Net loss for the quarter, which includes an after-tax charge of $207 million, or $1.54 per share, for discontinued operations relating to the closing of the Company's U.S. general merchandise operations, was $181 million,