September 4, 1997
Robert M. Burton
Divisional Vice President, Investor Relations
(248) 643-1040
KMART CORPORATION REPORTS AUGUST SALES RESULTS
TROY, Mich., September 4, 1997--Kmart Corporation (NYSE: KM) today reported total consolidated sales increased 3.4% to $2.338 billion for the four week period ended August 27, 1997, compared with $2.262 billion for the same period last year. On a comparable store basis, consolidated sales increased 6.4%.
Sales from consolidated operations for the 30 weeks ended August 27, 1997 were $17.447 billion, up 3.8% from $16.803 billion for the first 30 weeks of 1996. On a comparable store basis, consolidated sales rose 5.7% for the same period.
"Kmart’s sales for the month were on plan, with particular strength in the children’s apparel and consumables," said Floyd Hall, Chairman, President, and CEO of Kmart. "Other areas showing strong performance included home fashions, decor, appliances, houseware and electronics, as well as cosmetics, intimate apparel and photography."
Kmart Corporation serves America with 2,121 Kmart retail outlets. Kmart Corporation common stock is listed on the New York, Pacific and Chicago Stock Exchanges.
KMART CORPORATION
SALES BY BUSINESS
4 WEEKS ENDED
|
| |
| | % Change
|
|
| |
| | All
| Comparable
| |
| (Millions U.S. $)
| 8-27-97
| | 8-28-96
| | Stores
| Stores
| |
| | |
| | | |
|
| United States
| $ 2,338
| | $ 2,193
| | 6.6
| 6.4
| |
| International (a) (b)
| -
| | 69
| | (100.0)
| -
| |
| Total Kmart
| $ 2,338
| | $ 2,262
| | 3.4
| 6.4
| |
KMART CORPORATION
SALES BY BUSINESS
30 WEEKS ENDED
|
| |
| | % Change
|
|
| |
| | All
| Comparable
| |
| (Millions U.S. $)
| 8-27-97
| | 8-28-96
| | Stores
| Stores
| |
| | |
| | | |
|
| United States
| $ 17,148
| | $ 16,221
| | 5.7
| 5.7
| |
| International (a) (b)
| 299
| | 582
| | (48.6)
| -
| |
| Total Kmart
| $ 17,447
| | $ 16,803
| | 3.8
| 5.7
| |
(a) Kmart Corporation completed the divestiture of its remaining International Operations during June 1997.
