While the precise outcome of the legal process remains to be seen, Kmart believes that, in light of Hechinger's filing, it is appropriate to take the charge at this time. Considering current market conditions, we anticipate that Kmart will be able to convert or sub-lease most, if not all, of these properties within a reasonable period after they are returned.
More Quotes from Floyd Hall:
Kmart's sales for November were slightly below plan due to continued warm weather, which slowed sales of seasonal apparel. Categories showing particular strength for the month included home appliances, seasonal goods, home decor, jewelry, consumables and pharmaceuticals.Floyd Hall
Kmart's sales for October were on plan despite softer apparel sales due to unseasonably warm weather during the latter half of the month. Sales volumes for the third quarter were near expectations. Categories showing particular strength for the month included home appliances and electronics, do-it-yourself, home decor, cosmetics and fragrances, consumables, stationery and pharmaceuticals.
Floyd Hall
Kmart's sales for the month were on plan and we are pleased with our progress in a number of key businesses.
Floyd Hall
What a lovely honor it is to have Spirit Airlines dedicate a new plane to our islands. We are most appreciative and wish Spirit Airlines wonderful success.
Floyd Hall
Sales increases in our pharmacy, home fashions, health and beauty care, consumables and apparel areas, together with a substantial lift in gross margin rate, enabled Kmart to more than triple earnings per share in the quarter before the non-recurring charge.
Floyd Hall
Categories showing particular strength for the month included jewelry, home fashions, electronics, seasonal items, stationery, horticulture, cosmetics, consumables, books and photography.
Floyd Hall
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