GROSSMAN'S INC &lt;GROS> 4TH QTR LOSS

  Oper shr loss nine cts vs profit 12 cts
      Oper net loss 1,791,000 vs profit 2,336,000
      Sales 242.9 mln vs 225.8 mln
      Year
      Oper shr profit 15 cts vs loss 17 cts
      Oper net profit 2,925,000 vs loss 3,324,000
      Sales 1.01 billion vs 875.6 mln
      NOTE: Net includes discontinued operations gain 2,437,000
  dlrs vs loss 190.0 mln dlrs in quarter and losses 75.6 mln dlrs
  vs 227.7 mln dlrs in year.
      Net includes loss 294,000 dlrs vs nil in quarter and gain
  224.8 mln dlrs vs loss 1,750,000 dlrs in year from settlement
  of liabilities under plan of reorganization from Chapter 11
  bankruptcy.
      1986 quarter net includes 2,300,000 dlr provision for loss
  on future store closings offset by reduction in pension
  liabilities.
  

