You are viewing an obsolete version of the DU website which is no longer
supported by the Administrators.
Visit
The New DU. Reply #27: Kmart reports 2.6% decline in Dec. sales
[View All]
UpInArms
(1000+ posts)
Send PM |
Profile |
Ignore
|
Mon Jan-03-05 10:17 AM
Response to Original message |
| 27. Kmart reports 2.6% decline in Dec. sales |
|
http://cbs.marketwatch.com/news/story.asp?guid=%7BE6FBBDBC%2D0D21%2D4647%2DAA21%2D25E6234E2F1B%7D&siteid=mktwBOSTON (CBS.MW) -- Retailer Kmart reported a 2.6 percent decline in December same-store sales on Monday, with combined comparable-store sales dropping by 4.6 percent for November and December.
Kmart (KMRT: news, chart, profile) said in a statement that while same-store sales declined for this past holiday season, the rate of decrease has significantly slowed since early 2004.
The company said it expects to report net income of $250 million for November and December, excluding extraordinary items related to the company's bankruptcy and asset sales. Kmart also reported that income before interest and income taxes is expected to amount to about $400 million.
...more...
|
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.
Printer-friendly format
Email this thread to a friend
Bookmark this thread