4/1/2002

Kmart lost $753 million in the five weeks after it filed for Chapter 11, according to a Securities Exchange Commission filing submitted by the discounter. But analysts say it is too early to sum up Kmart's financial viability from its first post-bankruptcy monthly earnings report. In comparison, same store sales at rivals Wal-Mart and Target were up 11% and 10%, respectively.

Related Summaries