US-based retail giant Kmart has revealed its same-store sales for September were flat but that it was satisfied with the results in view of the recent terrorist attacks which had impacted hard on the economy.

Total sales fell 1.8 per cent to $2.98billion from $3.04bn a year ago, which met with the lower end of the company's expectations

Kmart chairman, Chuck Conaway, said: "We were affected significantly that day (September 11), as we had to close numerous high volume stores in the New York and Washington areas and shorten store hours for the remaining stores in those areas.

"However with basic items accounting for approximately 40 per cent of our business, we have been able to maintain our sales base even in times of uncertainty."

To view related research reports, please follow the links below:-

Kmart Corporation Company Profile

The World's Top 100 Retailers

Global Retailing