fashion-features
fashion-features

Kmart Back in the Black and Rumors Swirl About Its Future

Kmart’s first profitable quarter in three years put it back on the retail radar and reignited speculation over a Kmart/Sears merger.

fashion-features/news
For the 39-week period, during which Kmart operated as a successor firm to the one that filed for bankruptcy, income was $248 million, or $2.52 a share, against a loss of $1.78 billion, or $3.50, last year. Sales fell by 23 percent to $17.07 billion from $22.17 billion, while comps declined by 9.5 percent.

For the year, incorporating the same 39 weeks and the $862 million loss sustained during the 13 weeks ended April 30, 2003, operated by Kmart’s predecessor firm, the discounter posted a $614 million loss.
Page:  « Previous
VIEW ARTICLE IN ONE PAGE
load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false