Saturday, January 08, 2000

TRISTATE MARKET SPOTLIGHT

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Rex continues slide with 10.5% drop

        Shares of Dayton, Ohio-based Rex Stores Corp. fell another $1.68 3/4, or 10.5 percent, on Friday to close at $14.43 3/4 after trading as low as $14.25.

        The slide followed a 49 percent drop Thursday, which came after the retailer said same-store sales rose just 1 percent in November and December because of lower prices and sales for older products.

        Rex, which has 239 stores in 35 states, said it plans to focus more on digital products including satellite systems and camcorders. The two-day drop eliminated several months of gains for the stock.

       

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