Kmart back in the black, but same store sales recede

Kmart said it earned $276 million in its fourth fiscal quarter, adding that same store sales were down 14%. The company's profits came after it closed 316 stores as part of a restructuring effort; the company emerged from bankruptcy proceedings in May. Sales of the Martha Stewart Everyday brand housewares line were so far unaffected by Stewart's legal troubles, the company said.

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