KMART POSTS PROFIT AS SALES CONTINUE DECLINE

TROY, Mich. -- Kmart Holding Corp. here last week reported a profit for the 13-week second quarter ended July 28, although the company's same-store sales continued to decline in double digits.weather, and a transition in apparel lines leading up to back-to-school product launches.The discounter said its margins improved in the period because of reduced markdowns on promotions and clearance items and

TROY, Mich. -- Kmart Holding Corp. here last week reported a profit for the 13-week second quarter ended July 28, although the company's same-store sales continued to decline in double digits.

weather, and a transition in apparel lines leading up to back-to-school product launches.

The discounter said its margins improved in the period because of reduced markdowns on promotions and clearance items and shrink reduction at warehouses and stores.

Net income was $155 mil

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