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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 AUGUST SALES RESULTS
TROY, Mich., September 5, 2020--Kmart Corporation (NYSE: KM) today
reported, on a comparable store basis, consolidated sales increased
1.0% for the four week period ended August 28, 2020 over sales
for the four weeks ended August 23, 2020. August sales in U.S.
Kmart stores increased 1.4% on a comparable store basis over the
same period.
Total sales for the month from consolidated operations were $2.462
billion in August 2020, a decrease of 2.5% versus sales of $2.525
billion for the same period last year.
Sales from consolidated operations for the 30 weeks ended August
28, 2020 were $18.354 billion, down 0.3% from $18.406 billion
for the first 30 weeks of 2020. On a comparable store basis,
U.S. Kmart stores rose 2.7% for the same period.
"While these sales results are improved from July's levels,
Kmart's performance remains below plan," said Floyd Hall,
Chairman, President, and CEO. "August back to school sales
were satisfactory in denim and basic apparel, although sales of
women's apparel continued to be soft. Specific areas showing strength throughout the month included menswear, stationery, paint, electronics, health and beauty aids, 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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4 Weeks Ended
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(Millions U.S. $)
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8-28-96
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8-23-95
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% Change All Stores
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% Change Comparable Stores
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General Merchandise
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$2,193
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$2,226
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(1.5)
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1.4
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69
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95
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(26.7)
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(5.0) (a)
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Total General Merchandise
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2,262
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2,321
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(2.5)
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1.2
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Builders Square
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200
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204
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(2.2)
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(1.9)
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Total Kmart
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$2,462
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$2,525
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(2.5)
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1.0
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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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30 Weeks Ended
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(Millions U.S. $)
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8-28-96
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8-23-95
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% Change All Stores
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% Change Comparable Stores
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General Merchandise
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$16,221
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$16,177
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(0.3)
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2.7
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582
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639
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(8.9)
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(3.0) (a)
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Total General Merchandise
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16,803
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16,816
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(0.1)
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2.5
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Builders Square
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1,551
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1,590
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(2.4)
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(1.9)
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Total Kmart
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$18,354
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$18,406
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(0.3)
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2.1
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(a) International Comparable Store Sales Change is calculated
on sales in the applicable local currency.
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