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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (207633)12/3/2002 9:58:05 AM
From: reaper  Read Replies (1) of 436258
 
i've actually been wondering about that K-Mart angle for a while. sales at K-Mart are about $1.5 billion less per quarter than they used to be due to the closed stores; that sure can't hurt Wal-Mart comps.

that said, its rumored that even more K-Marts will be closing, and that they might be down to less than 1000 stores when this is all done. which would incrementally benefit WalMart, Target, Kohls, et al for a while.

Cheers
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