Kmart Has Happy Holiday
January 10, 2005,
Boosting its overall profit outlook for the all-important Christmas quarter, Kmart reported strong profitability and cash generation during the holiday season, along with an improving same-store sales picture.
“Kmart has taken actions on many fronts to reset baseline sales at a level that forms the basis for profitable growth,” said Aylwin Lewis, CEO. “It is our intention to maintain a substantial base of sales and be significantly profitable at the same time.”