TITLE

More woes at Kmart: Heavy markdowns batter bottom line

AUTHOR(S)
Ryan, Thomas J.
PUB. DATE
February 1995
SOURCE
WWD: Women's Wear Daily;2/28/1995, Vol. 169 Issue 39, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on Kmart Corp.'s financial performance in the fourth quarter of 1994. Decline in operating profits due to price cutting; Net earnings from retail operations; Percentage decline in gross margins; Drop in the firm's stock price; Executive changes in the firm.
ACCESSION #
9503216536

 

Related Articles

  • Says Ch. 11 not an option, others disagree. Liebeck, Laura // Discount Store News;1/1/96, Vol. 35 Issue 1, p1 

    Reports that the board of directors of Kmart eliminated the put provisions on most of its real estate debt to salvage its bond ratings. Stock standing; Plans regarding bankruptcy filing; Need for Kmart to review its assets.

  • Kmart put on credit alert. Liebeck, Laura // Discount Store News;2/5/96, Vol. 35 Issue 3, p3 

    Focuses on the rating of Kmart in relation to its finances. Kmart's credit watch; Possibility of bankruptcy; Standard & Poor's ratings; Investors' confidence in Kmart; Comment from an analyst on its finance performance.

  • Kmart makes financial friends.  // Discount Store News;6/17/96, Vol. 35 Issue 12, p5 

    Reports that bankers and stock investors are lining up to finance Kmart Corp. Strong investor demand for Kmart's preferred stock offering; Revolving line of credit and term loan offered by banks; Risk to investors of the prospectus issued by the company.

  • Kmart reportedly mulling in-house restaurant sale.  // Nation's Restaurant News;5/20/96, Vol. 30 Issue 20, p4 

    Reports that Kmart Corp. is considering the sale of its in-house restaurants and pharmacies in an effort to meet obligations on a $3.7 million bank loan.

  • Shareholders applaud Kmart offensive strategy. Rickard, Leah // Crain's Detroit Business;8/22/94, Vol. 10 Issue 34, p32 

    Reports on Kmart Corp.'s decision to sell majority stakes in specialty businesses through initial public stock offerings. Correlation with pressure from stockholders; Performance of Kmart's stock; Feedback from analysts and stockholders.

  • Kmart to use $2.5B on debt. Roush, Matt // Crain's Detroit Business;11/14/94, Vol. 10 Issue 46, p1 

    Reports that Kmart Corp. is paying off its debt from $2.5 billion coming from the sale of several subsidiaries. Sale of stake in Coles Myer and three-fourths of its majority position in OfficeMax Incorporated. INSET: Super Kmart strategy reconsidered..

  • Kmart to close 72 stores.  // Playthings;Jul95, Vol. 93 Issue 7, p21 

    Reports on the plans of Kmart discount stores to shut down 72 of its least profitable outlets throughout the United States. Number of jobs to be eliminated; Financial problems; Dismissal of president and chief executive Joseph Antonini, who was replaced by Floyd Hall.

  • Kmart trades to another low.  // WWD: Women's Wear Daily;11/1/1995, Vol. 170 Issue 82, p2 

    Reports on the performance of Kmart stock on the New York Stock Exchange on October 31, 1995. Poor stock performance despite chairman Floyd Hall's turnaround strategy; Average daily trading volume in September 1995; Company's liquidity.

  • Kmart posts 9th-straight loss.  // Crain's Detroit Business;5/22/95, Vol. 11 Issue 21, p42 

    Reports on Kmart Corp.'s net loss in the first quarter of 1995. Sales; 1994 figures; Percentage changes; Comments from company officials.

  • Buoyed Kmart needs to capitalize on locale.  // Crain's Detroit Business;8/14/95, Vol. 11 Issue 33, p6 

    Opinion. Reviews the Troy-based Kmart group's performance in terms of sales figures for the month of July 1995 which is considered as a morale booster to the investors and employees. Tips from critics and professionals to Kmart's marketing team.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics