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JOSEPH A. ANTONINI, CHAIRMAN AND CEO OF KMART TO BE INDUCTED INTO 1992 NATIONAL SALES HALL OF FAME

 JOSEPH A. ANTONINI, CHAIRMAN AND CEO OF KMART
 TO BE INDUCTED INTO 1992 NATIONAL SALES HALL OF FAME
 NEW YORK, March 17 /PRNewswire/ -- Joseph A. Antonini, chairman and chief executive officer of Kmart Corporation, will be inducted into the 1992 National Sales Hall of Fame at a gala awards dinner at the Waldorf- Astoria Hotel in New York on Tuesday, March 24. Joseph A. Califano Jr., senior partner of Dewey Ballantine and former U.S. Secretary of Health Education & Welfare, will present the award to Antonini.
 The National Sales Hall of Fame is sponsored annually by the Sales & Marketing Executives of Greater New York, a professional, not-for-profit membership organization founded in 1932 by a group of sales executives led by Thomas J. Watson, Sr., founder of IBM Corporation. The National Sales Hall of Fame honors unique sales achievements in all fields. It also promotes the profession of selling as a creative and honorable career.
 "I am honored to be inducted into the National Sales Hall of Fame for I know the criteria for nomination are very high," says Antonini. "I understand this commitment to excellence. The sales and shopping experience is made up of many components, and all of them must be of the highest standards, too."
 The other inductees are: Cathleen Black, president/CEO, American Newspaper Publishers Association; Ewing M. Kauffman, chairman emeritus, Marion Merrell Dow, Inc.; James W. Kinnear, president/CEO, Texaco Inc.; Reginald F. Lewis, chairman/CEO, TLC Beatrice International Holdings, Inc. and James E. Preston, chairman/CEO, Avon Products Inc. Thomas J. Watson Sr. will receive a posthumous award.
 Nominees voted into the National Sales Hall of Fame by the board of trustees must fulfill the following criteria:
 -- Be a recognized leader in his or her industry;
 -- Have a record of individual sales/marketing leadership achievement;
 -- Be a frequent supporter and contributor to regional or national philanthropic projects;
 -- Show strong support for careers in business with an emphasis on sales and marketing;
 -- Be recognized as a consummate professional by his or her peers.
 In 1987, Antonini's election as chairman of the board, president and chief executive officer of Kmart Corporation culminated his rapid rise through the ranks of the nation's second-largest retailer. After graduating from West Virginia University in 1964, Antonini started as a management trainee. His promotions followed quickly, averaging every two years.
 In 1983, Antonini was named executive vice president-administration of the Kmart Apparel Division, and the next year was named president and chief executive officer for the Apparel Division. In that post, he spearheaded one of the most dramatic innovations implemented by Kmart -- a new, on-trend merchandise mix and physical presentation. In 1986 Antonini became president and chief operating officer of Kmart Corportion and restructured the hardlines merchandising divisions to provide a strong marketing focus to the hard goods operation.
 In 1990 Antonini announced an accelerated, five-year $2.5 billion new store opening, enlargement and modernization program. This continuing "renewal" program is creating a nationwide chain of 2,500 modern, full-size Kmart stores.
 Active in many business and civic organizations, Antonini is a director of Chrysler Corporation, Shell Oil Company, The Beaumont Foundation, Boys & Girls Clubs of Southeastern Michigan, Economic Club of Detroit and United Way for Southeastern Michigan. He is also chairman of Michigan Business Roundtable Education Reform and co-chair of Detroit Sports Commission; a trustee of Henry Ford Museum and Greenfield Village, Berry College, Michigan Cancer Foundation and The National Italian American Foundation.
 The master of ceremonies for The 1992 National Sales Hall of Fame will be Hugh Downs, television journalist and co-host of ABC-TV's "20/20." Also making an appearance will be Walter Cronkite, who will present the "Walter Cronkite Master Communicator of the Year" award to Downs. The dinner chairman is Eugene M. Freedman, chairman of Coopers & Lybrand.
 -0- 3/17/92
 /CONTACT: Amy J. Goldberger of Sales and Marketing Executives of Greater New York, 212-536-3256/ CO: National Sales Hall of Fame ST: New York IN: SU:


KD-SB -- NY075 -- 8858 03/17/92 15:16 EST
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