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.
Quotes about kmarts (7 Quotes)
Kmart's sales for the month were on plan and we are pleased with our progress in a number of key businesses.
That's right, a buy on Kmart, ... The 'buy' rating reflects Kmart's asset values we believe provide support for the stock at this level. Combined with strong positive cash flow, this implies the stock is undervalued.
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.
Kmart's earnings were lower than a year ago, and the reason why they were lower is because there is a lot of money being invested in infrastructure. But it's going to pay huge dividends in the future, ... Kmart is finally very excellently positioned to turn around and create a very strong place in the sun.
Kmart's significant losses and sales decline in the first quarter reflect the many challenges the company faced in the period following our voluntary Chapter 11 filing, ... These challenges included reduced inventory levels as vendors withheld shipments in the early days of the reorganization and reduced store traffic arising from the bankruptcy filing.
To go head-to-head with a 10,000-pound gorilla is nonsense. It's like Switzerland declaring war on the United States. That, of course, doesn't work, ... Wal-Mart ate Kmart's lunch.