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KMART CORPORATION REPORTS 4.3% SAME-STORE SALES INCREASE FOR JANUARY

TROY, Michigan, February 8, 2001 -- Kmart Corporation (NYSE: KM) reports for the four-week period ended January 24, 2001 net sales increase of 4.3% on a same-store basis.

For the 13 weeks ended January 24, 2001 same-store sales increased 2.1%. Net sales were $11.133 billion, up 0.3% from $11.105 billion the same period last year.

For the 52 weeks ended January 24, 2001 same-store sales increased 1.1%. Net sales were $36.525 billion, up 1.7% from $35.925 billion the same period last year.

''We continue to make progress on our three strategic imperatives: world-class execution, customer-centric culture and differentiated market position,'' said Chuck Conaway, Chairman and CEO of Kmart. "January marks our third consecutive month of strong positive gains in same-store sales, customer count, guest in-stock position and a substantial increase in customer service.''

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.