Headlines

Kmart Reports Second Quarter Results

Company remains focused on strategies to improve performance

Published

20 years ago

August 16, 2004

admin1

Kmart Holding Corp. (Troy, Mich.) reported net income of $155 million for the 13 weeks ended July 28, 2004. Same-store sales dropped 14.9 percent and total sales decreased 15.3 percent during the 13-week period, compared to the same period in 2003.

Kmart president and ceo Julian Day said the company continues to focus on process changes that simplify the operations of its stores and distribution centers, including improving merchandise flow and lowering inventory levels. “We are pleased with our continued progress and ability to deliver consistent profit,” he said.

Kmart's recently launched fall product lines include marketing partnerships with E! Entertainment and The WB Network.

“We will continue our attention on our stores, product assortment and the quality of our customers' shopping experience and remain focused on those strategies that have contributed to improved performance of the company,” said Day.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design