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Splitting off the wholesale unit would be the minimum expected".
The women's wholesale unit, International Women's Apparel, represents about 4percentt of total sales, Hartmarx said.
In addition to EnronOnline, record natural gas prices gave Enron's wholesale unit a lift in the second quarter.
At the same time, the consortium — which includes Bain Capital, the Carlyle Group, and Clayton Dubilier & Rice — has become nervous about falling sales at Home Depot's wholesale unit.
The bank is in the process of closing its wholesale unit after the business incurred large losses in 2002 to concentrate on personal finance.
Home Depot, unlike some other sellers in private equity deals, was willing to reduce the price of its wholesale unit because it is under pressure to shed assets.
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"By separating the segments that are dragging revenue growth down, the remaining company will have top- and bottom-line growth rates more appealing to public market investors," said Daniel P. Reingold, chief telecommunications services analyst at Credit Suisse First Boston, who expects WorldCom to announce that the consumer and wholesale units actually shrank in the third quarter.
Despite the pressures it faces, the company said that the business-oriented divisions that will remain under the WorldCom stock will grow by as much as 15percentt next year, while the consumer and wholesale units reflected in the new MCI stock could shrink as much as 2percentt.
Wells Fargo does not break out its investment banking results, but the wholesale banking unit, which includes the sales and trading business and the corporate lending unit, earned $1.6 billion in the fourth quarter.
Bank of America shut down its wholesale lending unit at the end of 2007 to concentrate on lending through its own branches.
Last month, JPMorgan Chase, Merrill Lynch and Lehman threatened to walk away from financing the sale of Home Depot's wholesale supply unit.
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