USA: Kmart Posts Quarterly Loss Of $1.45 Billion
Kmart Corp has posted its second consecutive quarterly loss of more than $1 billion - although James B Adamson, Kmart's chairman and chief executive, said the company is making progress. On Friday the discount retailer revealed it lost $1.45 billion for the first three months of this fiscal year, its first full quarter since it filed for federal bankruptcy protection on 22 January 2002. During the same period last year, Kmart lost $233 million.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Trump and the apparel industry – Infographic
- $1.7bn package to boost Pakistan clothing exports
- Mexico riots hit apparel retailers and shipments
- British Brexit plans prioritise tariff-free trade
- Outlook 2017 – What next for apparel sourcing?
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- MAS Holdings planning second industrial park
- American Apparel to shutter all stores?
- Better compliance "crucial" for Bangladesh growth
- Outdoor performance apparel 2016: A broader perspective
- Global apparel markets: product developments and innovations, October 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global market review of lingerie – forecasts to 2022