KMART MAY RESTATE EARNINGS

TROY, Mich. -- Kmart said last week that it might have to restate its quarterly earnings for 2001 as it continues its investigation into accounting practices used to record vendor allowances and general liability reserves."The end result is they're going to lose more money than they said they did," said Eric Beder, analyst, Ladenburg Thalmann & Co., New York.The vendor allowances affect the cost of

TROY, Mich. -- Kmart said last week that it might have to restate its quarterly earnings for 2001 as it continues its investigation into accounting practices used to record vendor allowances and general liability reserves.

"The end result is they're going to lose more money than they said they did," said Eric Beder, analyst, Ladenburg Thalmann & Co., New York.

The vendor allowances affect the cost of goods sold, so any changes in how those allowances are recorded could cha

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