May 6, 1999
Robert M. Burton
KMART CORPORATION REPORTS APRIL SALES RESULTS
TROY, Mich., May 6, 1999 -- Kmart Corporation (NYSE: KM) today reported that April consolidated sales increased 5.7% on a comparable store basis. Total consolidated sales increased 7.3% to $2.749 billion for the four-week period ended April 28, 1999 compared with $2.563 billion for the same period last year.
Sales from consolidated operations for the 13 weeks ended April 28, 1999 were $8.144 billion, up 8.4% from $7.515 billion for the first 13 weeks of 1998. On a comparable store basis, consolidated sales rose 6.5% for the same period.
"Kmart's performance for the April period was above plan and particularly strong when measured against the 16.2% comparable sales increase of the prior year," said Floyd Hall, Chairman, President, and CEO of Kmart. "Categories showing particular strength for April included home-related areas such as small appliances, electronics, décor, home fashions, and housewares, as well as ladies apparel, consumables and pharmaceuticals."
Kmart Corporation serves America with 2,151 Kmart retail outlets. Kmart Corporation common stock is listed on the New York, Pacific and Chicago Stock Exchanges.