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March 6, 1997
Robert M. Burton KMART CORPORATION REPORTS FEBRUARY SALES INCREASE TROY, Mich., March 6, 1997--Kmart Corporation (NYSE: KM) today reported, for the four week period ended February 26, 1997, that total consolidated sales rose 2.3% to $2.074 billion from $2.026 billion for the same period last year. On a comparable store basis, consolidated sales were up 3.9% and U.S. Kmart sales were up 4.1%. February results excluded Kmart’s Builders Square operations, which were classified as a discontinued operation at the end of fiscal 1996. Kmart Corporation serves America with 2,134 Kmart retail outlets, and operates 127 stores internationally. Kmart Corporation common stock is listed on the New York, Pacific and Chicago Stock Exchanges.
(a) Comparable store sales change is calculated on sales in the applicable local currency.
(b) Prior year International sales include 16 locations that have been sold or closed prior to fiscal 1997.
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