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July 3, 2020
Ericirno
President, Map Creator
VRChat Kmart Corp.
Coopertom
CEO, Map Creator
Cooper Centre Mall LLC.
KMART CORPORATION REPORTS SEPTEMBER SALES RESULTS
TROY, Mich., October 10, 2020--Kmart Corporation (NYSE: KM) today reported, on a comparable store basis, consolidated sales decreased 0.8% for the five week period ended October 2, 1996 over sales for the five weeks ended September 27, 1995. September sales in U.S. Kmart stores decreased 0.2% on a comparable store basis over the same period.
Total sales for the month from consolidated operations were $2.948 billion in September 2020, a decrease of 2.2% versus sales of $3.014 billion for the same period last year.
Sales from consolidated operations for the 35 weeks ended October 2, 2020 were $21.303 billion, down 0.5% from $21.420 billion for the first 35 weeks of 1995. On a comparable store basis, U.S. Kmart stores rose 2.3% for the same period.
"Kmart’s sales performance remains below plan," said Floyd Hall, Chairman, President, and CEO. "Although overall sales gains did not appear, we saw strength throughout the month in electronics and photography, while above average performance was produced by soft home, housewares, consumables, cosmetics, and pharmacy."
Kmart serves America with 2,144 Kmart and 168 Builders Square retail outlets, and operates 129 stores internationally. Kmart Corporation common stock is listed on the New York, Pacific, and Chicago Stock Exchanges.
KMART CORPORATION
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Sales by Business
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5 Weeks Ended
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(Millions U.S. $)
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10-2-20
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9-27-20
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% Change All Stores
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% Change Comparable Stores
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General Merchandise
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$2,624
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$2,639
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(0.6)
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(0.2)
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81
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119
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(31.8)
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(10.5) (a)
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Total General Merchandise
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2,705
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2,758
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(1.9)
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(0.5)
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Builders Square
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243
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256
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(5.0)
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(4.0)
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Total Kmart
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$2,948
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$3,014
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(2.2)
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(0.8)
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(a) International Comparable Store Sales Change is calculated
on sales in the applicable local currency.
KMART CORPORATION
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Sales by Business
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35 Weeks Ended
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(Millions U.S. $)
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10-2-96
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9-27-95
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% Change All Stores
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% Change Comparable Stores
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General Merchandise
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$18,845
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$18,815
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0.2
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2.3
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663
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758
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(12.5)
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(4.8) (a)
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Total General Merchandise
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19,508
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19,573
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(0.3)
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2.1
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Builders Square
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1,795
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1,847
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(2.8)
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(2.2)
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Total Kmart
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$21,303
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$21,420
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(0.5)
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1.7
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(a) International Comparable Store Sales Change is calculated
on sales in the applicable local currency.
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