CARSON &lt;CRN> CITES IMPACT OF TAX REFORM ACT

  Carson Pirie Scott and Co said the Tax
  Reform Act of 1986, which repealed investment tax credits, had
  a negative impact of 22 cts a share on earnings for the year
  ended January 31.
      Earlier, Carson reported yearly per-share earnings of 1.83
  dlrs, down from 1.86 dlrs a year ago. Average shares increased
  to 10.2 mln from 9.9 mln a year earlier. Sales gained to 1.41
  billion dlrs from 1.30 billion dlrs.
      Carson said it was "extremely optimistic about improved
  profit performance in 1987."
      It said in the first half of 1987 it hopes to reduce
  seasonal-type losses sustained in the 1986 first and second
  quarters.
      The company said that in early April its Oak Brook Hills
  Hotel and Conference Center in suburban Chicago will open under
  its management. Provisions for startup expenses have been made,
  it added.
  

