Headlines

Losses Keep Mounting for Kmart

Net loss of $137 million, same-store sales down nearly 9 percent, in June

Published

22 years ago

July 23, 2002

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Kmart Corp. (Troy, Mich.) announced net losses of $137 million in June. That included $12 million directly attributable to its restructuring under Chapter 11 bankruptcy.

Same-store sales for the five-week period ended July 3, 2002, were 8.7 percent lower than the same period last year, excluding the 283 stores the company has closed since its bankruptcy declaration in January.

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