SUPERVALU: KMART LOSS TO HURT EARNINGS

MINNEAPOLIS -- Supervalu here said last week the loss of $2.5 billion worth of business from Kmart Corp., Troy, Mich., is expected to reduce earnings by 18 to 22 cents per share for the year ending in February 2002.ago it had ceased negotiations with Kmart for the total business, explaining the margin levels Kmart was seeking did not make economic sense for Supervalu.Mike Wright, chairman and chief

MINNEAPOLIS -- Supervalu here said last week the loss of $2.5 billion worth of business from Kmart Corp., Troy, Mich., is expected to reduce earnings by 18 to 22 cents per share for the year ending in February 2002.

ago it had ceased negotiations with Kmart for the total business, explaining the margin levels Kmart was seeking did not make economic sense for Supervalu.

Mike Wright, chairman and chief executive officer, said the exact amount of the earnings decline will depend

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