OBSERVERS SEE KMART ENJOYING A FOODLESS RECOVERY

TROY, Mich. -- Kmart Holding Corp. here said last week it expects to report a profit for the holiday season, and the news sent the company's share price soaring, but none of the industry observers who spoke with SN said they believed that food would play a key near-term role at the mass merchant, and several said they expect the company gradually to phase out its Super Kmart supercenter format.Kmart

TROY, Mich. -- Kmart Holding Corp. here said last week it expects to report a profit for the holiday season, and the news sent the company's share price soaring, but none of the industry observers who spoke with SN said they believed that food would play a key near-term role at the mass merchant, and several said they expect the company gradually to phase out its Super Kmart supercenter format.

Kmart said it expects to generate a net income of $200 million for November and December, t

Register to view the full article

Already a member? .