Interim Results

RNS Number:0926R
Retail Corporation PLC
18 September 2000


                             RETAIL CORPORATION PLC
                         AND SUBSIDIARY UNDERTAKINGS
  (The entire Ordinary share capital of the Company is held by Sears Limited)


                                INTERIM REPORT
                     For the six months ended 31 July 2000

     
                                                         2000        1999

TURNOVER from discontinued operations                       -         0.1

TRADING (LOSS)/PROFIT from discontinued operations        (0.1)        0.2

Profit on disposal of subsidiary undertakings              -        22.5
Loss on disposal of properties                           (0.2)       (1.9)
Net interest payable                                        -        (0.1)

(LOSS)/PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION     (0.3)       20.7

Taxation                                                    -        (8.6)

(LOSS)/PROFIT AFTER TAXATION                             (0.3)       12.1

Dividends on preference shares                           (0.3)       (0.3)

Attributable to equity shareholders                      (0.6)       11.8

Dividends on ordinary shares                                -       (37.8)

DEDUCTED FROM RESERVES                                   (0.6)      (26.0)



NOTES

1.  The Interim Report has been drawn up under the same accounting policies
    as those used for the Annual Report and Accounts for 1999/00.  The Report
    does not constitute statutory accounts and the figures are unaudited.

2.  A copy of this Interim Report will be posted to shareholders and copies
    will be available from The Secretary, The Retail Corporation plc, Fourth
    Floor, Euston House, 132 Hampstead Road, London NW1 2PS.