USA: Kmart Loses Another $1.02 Billion In April
Kmart Corp' losses fell a further $1.02 billion during the five weeks ended 1 May according to new figures filed with the US Securities and Exchange Commission. These show the discount retailer has lost $1.47 billion from February through April, after losing $2.42 billion during its entire 2001 fiscal year, which ended 30 January.