P524 Teletext 524 Jan 9 22:14:13 ———————————————— NEWS ———————— SEARS WARNS CITY OF PROFITS SLUMP Retail group Sears has warned its profits would bj "significantly below" the previous level. The group blamed continued weakness in the footwear and agency home shopping business, saying profits for the 12 months to January 6 had slumped below the 1995/96 figure of £100.1m. The warning came as othjt retailers reported a bumper Christmas. ——————————————————————————————————1/2—— Financial Headlines 500 City Index 501 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Next CityJndjx Shares Family FinanceP524 Teletext 524 Jan 9 22:14:49 ———————————————— NEWS ———————— PROFITS ALERT AT RETAIL GIANT Sears, the retail group that includes Selfridges, has made a profits warning. Stockbrokers Albert E Sharp said: "It is thought that profits may bj around 20% below current expectations. This obviously questions the future of Liam Strong, chief executive at Sears." Sears said the Christmas period had been "disappointing" with like-for-like group sales down 0.5%. ——————————————————————————————————2/2—— Financial headlines 500 City index 501 POPULAR SHARES: LATEST PRICES p516 Next CityJndjx Shares Family Finance