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KMART CORPORATION REPORTS FEBRUARY SALES INCREASE

 TROY, Mich., March 4, 1993 /PRNewswire/ -- Kmart Corporation
 (NYSE: KM) today reported a sales increase of 9.5% for February 1993
 over sales during the same period of last year. Consolidated sales
 for the four-week period ended February 24, 1993 amounted to
 $2,540,828,000, versus sales of $2,320,142,000 for the four weeks
 ended February 26, 1992.
 "Sales in February were quite strong through the Valentine's
 Day/Presidents' Day Weekend," said Joseph E. Antonini, Kmart
 chairman of the board and chief executive officer. "Sales of
 consumable products and home electronics were strong throughout the
 month with winter storms adversely affecting sales, particularly in
 apparel lines, after the holiday weekend. Our specialty store sales
 also were dampened by the severe winter weather in February.
 Temperatures were unseasonably mild in February last year."
 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 2,409 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. $) 2-24-93 2-26-92 Stores Stores
 General Merchandise
 United States $ 1,635 $ 1,569 4.2 2.3
 International 62 58 5.6 (4.9)(b)
 Total General Merchandise 1,697 1,627 4.3 2.0
 Specialty Retail
 PACE Membership Warehouse 317 281 12.8 (3.4)
 Builders Square 159 142 11.8 (2.2)
 PayLess Drug Stores 184 141 30.4 (0.1)
 Waldenbooks 77 78 (0.9) 0.4
 The Sports Authority 31 21 47.1 2.0
 OfficeMax 63 30 111.3 13.2
 Borders(a) 13 --- ---- 8.5 (a)
 Total Specialty Retail 844 693 21.8 (1.0)(a)
 Total Kmart $ 2,541 $ 2,320 9.5 1.1 (a)
 (a) Borders was acquired in November 1992. On a proforma basis,
 total sales increased 90.8% and comparable store sales were up 8.5%.
 Excluding Borders, the comparable store sales increases for Total
 Specialty Retail and Total Kmart were (1.1%) and 1.1%, respectively.
 (b) International Comparable Store Sales Change is calculated on
 sales in the applicable local currency.
 -0- 3/4/93
 /CONTACT: Orren F. Knauer or Lois M. Connelly of Kmart Investor Relations, 313-643-1040/
 (KM)


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

KR -- DE014 -- 2823 03/04/93 09:07 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 4, 1993
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