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KMART CORPORATION REPORTS OCTOBER SALES INCREASE

 TROY, Mich., November 4, 1993 /PRNewswire/ -- Kmart Corporation
 (NYSE: KM) today reported a sales increase of 8.6% for October 1993
 over sales during the same period of last year. Consolidated sales
 for the four-week period ended October 27, 1993 amounted to a record
 $2,995,712,000, versus sales of $2,757,290,000 for the four weeks
 ended October 28, 1992.
 Sales for the 39 weeks ended October 27, 1993 were $28,995,114,000,
 up 10.5% from the $26,250,278,000 for the first 39 weeks of 1992.
 "The strengthening of sales that began in June continued through the
 first half of October," said Joseph E. Antonini, chairman of the
 board and chief executive officer. "However, unseasonably warm
 temperatures in the last two weeks of the month interrupted the
 improvement in our apparel sales we had been experiencing since
 Labor Day in early September. More seasonable fall weather in early
 November has resulted in a dramatic pick-up in business,
 particularly in fashion merchandise, leading us to believe results
 in late October were more weather-related than a reversal of the
 favorable sales trends of recent months."
 "Of the specialty retail businesses, sales in October continued to
 be very strong at OfficeMax and Borders," said Antonini.
 "Our progress in the U.S. Kmart division in recent months is
 encouraging," said Antonini. "However, an anticipated large loss at
 PACE Membership Warehouse and the penalty of the 1% increase in the
 federal corporate tax rate retroactive to January 1, 1993, including
 an approximate $8 million effect on the deferred tax balances as
 required by FAS 109, will result in lower earnings in the 1993 third
 quarter, compared with the $0.27 per share earned in the third
 quarter of 1992."
 Kmart Corporation serves America with over 4,000 retail outlets in
 all 50 states in the United States and in Puerto Rico, Canada, the
 Czech Republic and Slovakia. Kmart, currently operating 2,438 Kmart
 stores, is also the parent company for PACE Membership Warehouse,
 Builders Square, PayLess Drug Stores, Waldenbooks, The Sports
 Authority, OfficeMax and Borders.
 Kmart Corporation's stock is listed on the New York, Pacific and
 Midwest Stock Exchanges. Its trading symbol is KM.
 KMART CORPORATION
 SALES BY BUSINESS
 4 Weeks Ended % Change
 All Comparable
 (Millions U.S. $) 10-27-93 10-28-92 Stores Stores
 General Merchandise
 United States $ 1,945 $ 1,823 6.7 3.4
 International 76 85 (11.4) (1.0)(b)
 Total General Merchandise 2,021 1,908 5.9 3.2
 Specialty Retail
 PACE Membership Warehouse 345 325 6.1 (8.8)
 Builders Square 210 192 9.5 1.8
 PayLess Drug Stores 176 181 (2.6) (5.6)
 Waldenbooks 76 79 (4.0) (2.1)
 The Sports Authority 36 26 41.0 3.2
 OfficeMax 115 46 150.7 21.1
 Borders(a) 17 --- ---- 16.0 (a)
 Total Specialty Retail 975 849 14.8 (2.8)(a)
 Total Kmart $ 2,996 $ 2,757 8.6 1.4 (a)
 (a) Borders was acquired in November 1992. On a proforma basis,
 total sales increased 66.2% and comparable store sales were up
 16.0%. Excluding Borders, the comparable store sales changes for
 Total Specialty Retail and Total Kmart were (3.0%) and 1.3%,
 respectively.
 (b) International Comparable Store Sales Change is calculated on
 sales in the applicable local currency.
 13 Weeks Ended % Change
 All Comparable
 (Millions U.S. $) 10-27-93 10-28-92 Stores Stores
 General Merchandise
 United States $ 6,314 $ 5,801 8.8 5.5
 International 246 269 (8.5) 2.5 (b)
 Total General Merchandise 6,560 6,070 8.1 5.4
 Specialty Retail
 PACE Membership Warehouse 1,087 1,044 4.1 (9.7)
 Builders Square 704 621 13.4 2.2
 PayLess Drug Stores 583 608 (4.0) (6.1)
 Waldenbooks 248 249 (0.8) 1.1
 The Sports Authority 142 97 46.1 3.7
 OfficeMax 394 154 156.2 22.7
 Borders(a) 51 --- ---- 18.3 (a)
 Total Specialty Retail 3,209 2,773 15.7 (2.6)(a)
 Total Kmart $ 9,769 $ 8,843 10.5 3.0 (a)
 (a) Borders was acquired in November 1992. On a proforma basis,
 total sales increased 68.4% and comparable store sales were up
 18.3%. Excluding Borders, the comparable store sales changes for
 Total Specialty Retail and Total Kmart were (2.9%) and 2.9%,
 respectively.
 (b) International Comparable Store Sales Change is calculated on
 sales in the applicable local currency.
 KMART CORPORATION
 SALES BY BUSINESS
 39 Weeks Ended % Change
 All Comparable
 (Millions U.S. $) 10-27-93 10-28-92 Stores Stores
 General Merchandise
 United States $18,781 $17,643 6.4 3.9
 International 734 732 0.3 1.2 (b)
 Total General Merchandise 19,515 18,375 6.2 3.8
 Specialty Retail
 PACE Membership Warehouse 3,305 3,075 7.5 (7.7)
 Builders Square 2,101 1,867 12.5 0.4
 PayLess Drug Stores 1,800 1,587 13.4 (4.6)
 Waldenbooks 736 740 (0.4) 1.0
 The Sports Authority 407 270 50.7 2.3
 OfficeMax 993 336 195.7 19.2
 Borders(a) 138 --- ---- 13.8 (a)
 Total Specialty Retail 9,480 7,875 20.4 (2.6)(a)
 Total Kmart $28,995 $26,250 10.5 2.0 (a)
 (a) Borders was acquired in November 1992. On a proforma basis,
 total sales increased 80.1% and comparable store sales were up
 13.8%. Excluding Borders, the comparable store sales changes for
 Total Specialty Retail and Total Kmart were (2.7%) and 1.9%,
 respectively.
 (b) International Comparable Store Sales Change is calculated on
 sales in the applicable local currency.
 -0- 11/4/93 R
 /CONTACT: Orren F. Knauer or Lois M. Connelly of Kmart Investor Relations, 313-643-1040/
 (KM)


CO: Kmart Corporation ST: Michigan IN: REA SU: SLS

ML -- DE003X -- 0619 11/04/93 10:35 EST
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Date:Nov 4, 1993
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