Robert M. Burton
Divisional Vice President
Investor Relations
(248)
643-1040
KMART CORPORATION REPORTS DECEMBER SALES RESULTS
TROY, Mich., January 6, 2000 -- Kmart Corporation (NYSE: KM) today reported that December consolidated sales increased 5.5% on a comparable store basis. Total consolidated sales increased 7.0% to $5.880 billion for the five-week period ended December 29, 1999 compared with $5.493 billion for the same period last year.
Sales from consolidated operations for the 48 weeks ended December 29, 1999 were $33.799 billion, up 6.7% from $31.668 billion for the 48 weeks ended December 30, 1998. On a comparable store basis, consolidated sales rose 4.9% for the same period.
"Kmart’s sales for December were on plan with a strong finish to the month," said Floyd Hall, Chairman, President and CEO of Kmart. "Categories showing strength for December included do-it-yourself, seasonal items, celebration, outdoor sporting goods, home electronics, photography, mens’ apparel, food and pharmaceuticals."
Kmart Corporation serves America with 2,177 Kmart retail outlets. Kmart Corporation common stock is listed on the New York, Pacific and Chicago Stock Exchanges.
KMART CORPORATION SALES
5 Weeks Ended
| % Change | |||||||
| All | Comparable | ||||||
| (Millions U.S. $) |
12-29-99 |
12-30-98 | Stores | Stores | |||
| Total Kmart |
$5,880 |
$5,493 |
7.0 |
5.5 |
|||
48 Weeks Ended
| (Millions U.S. $) | 12-29-99 | 12-30-98 | |||||
| Total Kmart |
$33,799 |
$31,668 |
6.7 |
4.9 |
|||