Contacts
Juli Musch
Divisional Vice President, Investor Relations
(248) 463-1040

FOR IMMEDIATE RELEASE

KMART CORPORATION TO HOLD FOURTH QUARTER AND YEAR 2000 CONFERENCE CALL

TROY, Mich., February 23, 2001 - Kmart Corporation (NYSE: KM) will hold a conference call on Tuesday, March 13, 2001 at 9:00 a.m. eastern standard time to discuss its fourth quarter and full year 2000 financial results, as well as, its 2001 outlook.

The telephone number for individuals interested in listening to the call is (913) 981-5507 with the password number 570647. Callers are requested to dial in at least 15 minutes prior to the scheduled start time. A replay of the conference call will be available until March 20, 2001 at 8:00 p.m. eastern standard time. The dial in number for the replay is (719) 457-0820 with the confirmation code 570647. The call will also be simulcast at www.kmart.com/corp/investor/general/index.stm

Kmart Corporation is a near-$40 billion company that serves America with more than 2,100 Kmart and Kmart supercenter retail outlets. In addition to serving all 50 states, Kmart operations extend to the Caribbean Islands and Asia Pacific. More information about Kmart is available on the World Wide Web at www.bluelight.com under the ''About Kmart'' section.