Printer Friendly

KMART CORPORATION REPORTS DECEMBER SALES INCREASE

 KMART CORPORATION REPORTS DECEMBER SALES INCREASE
 TROY, Mich., Jan. 3 /PRNewswire/ -- Kmart Corporation (NYSE: KM)


today reported a sales increase of 10.6 percent for December 1991 over sales during the same period of last year. Consolidated sales for the four-week period ended Dec. 25, 1991, amounted to $4,881,739,000, vs. sales of $4,414,457,000 for the four weeks ended Dec. 26, 1990.
 Sales for the 47 weeks ended Dec. 25, 1991, were $31,867,387,000, up 7.6 percent from the $29,611,459,000 for the first 47 weeks of 1990.
 Kmart Chairman of the Board and Chief Executive Officer Joseph E. Antonini said, "As a result of the very strong sales in the last week before Christmas, December sales increased 4.0 percent on a comparable store basis. We are encouraged that, during the holiday selling season, consumers responded to Kmart's merchandising emphasis on value and on-trend gift-type products which were offered at low prices. We are also pleased with the seasonal sell-thru of Christmas-related merchandise and by the good comparable store sales gains that were achieved by our subsidiary companies."
 Kmart Corporation serves America with over 4,000 retail outlets in all 50 states in the United States and in Puerto Rico and Canada. Kmart, currently operating 2,375 Kmart stores, is also the parent company for Pay Less Drug Stores, Builders Square, Waldenbooks, PACE Membership Warehouse, The Sports Authority and OfficeMax.
 PRELIMINARY REPORT OF
 KMART CORPORATION ESTIMATED CONSOLIDATED SALES
 4 Weeks Ended 12-25-91 47 Weeks Ended 12-25-91
 4 Weeks Ended 12-26-90 47 Weeks Ended 12-26-90
 Fiscal 1991 Sales $4,881,739,000 $31,867,387,000
 Fiscal 1990 Sales $4,414,457,000 $29,611,459,000
 Dollar Difference $467,282,000 $2,255,928,000
 Percentage Change 10.6 pct. 7.6 pct.
 Comparable Store
 Sales Gain 4.0 pct. 3.4 pct.
 Kmart Corporation's stock is listed on the New York, Pacific and Midwest stock exchanges. Its trading symbol is KM.
 -0- 1/3/92
 /CONTACT: Orren F. Knauer of Kmart Corporation, 313-643-1040/
 (KM) CO: Kmart Corporation ST: Michigan IN: REA SU:


JG-KK -- DE006 -- 6449 01/03/92 10:46 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 3, 1992
Words:363
Previous Article:MORTGAGE AND REALTY TRUST MAKES ADDITIONAL PAYMENT TO CREDITORS
Next Article:VALUE MERCHANTS, INC. ANNOUNCES DECEMBER SALES RESULTS AND COMMENTS ON FISCAL 1991 EARNINGS EXPECTATIONS
Topics:


Related Articles
BUILDERS SQUARE RECORD 1991 SALES AND OPERATING INCOME ANNOUNCED BY KMART CORPORATION
KMART CORPORATION REPORTS FIRST-QUARTER SALES AND EARNINGS
KMART CORPORATION REPORTS DECEMBER SALES INCREASE
KMART CORPORATION REPORTS DECEMBER SALES INCREASE
KMART CORPORATION REPORTS OCTOBER SALES INCREASE
KMART CORPORATION REPORTS DECEMBER SALES INCREASE
KMART CORPORATION REPORTS DECEMBER SALES INCREASE
Kmart Corporation Reports October Sales Results
Kmart Corporation Reports February Sales Increase
Kmart Corporation Reports December Sales Results

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters