April 9, 1998

Robert M. Burton
Divisional Vice President, Investor Relations
(248) 643-1040

KMART CORPORATION REPORTS MARCH SALES

TROY, Mich., April 9, 1998-- Kmart Corporation (NYSE: KM) today reported that March consolidated sales decreased 1.2% on a comparable store basis. Total sales in U.S. Kmart stores also decreased 1.2% for the five-week period ended April 1, 1998. Including results from divested international operations, total consolidated sales decreased 3.9% to $2.806 billion compared with $2.921 billion for the same period last year.

Sales from consolidated operations for the 9 weeks ended April 1, 1998 were $4.952 billion, down 0.9% from $4.995 billion for the first 9 weeks of 1997. On a comparable store basis, consolidated sales rose 1.6% for the same period.

"As expected, Kmart’s comparable sales for March declined slightly due to the later Easter holiday. Nevertheless, one week into April we are already seeing the same seasonal shift producing very strong comparable sales growth which we expect to continue through the month," said Floyd Hall, Chairman, President, and CEO of Kmart. "Despite the soft overall March performance, we saw sales gains in selected areas such as home related products and apparel which were affected by favorable weather and improved merchandise offerings. Specific categories showing particular strength for the month included ladies and children’s apparel, home electronics, home appliances, home fashions and housewares, jewelry, cosmetics, consumables, fashion accessories, health and beauty products and photography."

Kmart Corporation serves America with 2,126 Kmart retail outlets. Kmart Corporation common stock is listed on the New York, Pacific and Chicago Stock Exchanges.