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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Square_Dealings who wrote (16013)11/17/2004 9:45:50 AM
From: mishedlo  Read Replies (1) of 116555
 
LONDON (CBS.MW) -- Kmart Holdings (KMRT) , which minutes earlier announced plans to merge with Sears, Roebuck & Co. (S) , said it swung to a fiscal third quarter profit of $553 million, or $5.45 a diluted share, amid a reduction in store payroll and reductions in newspaper advertising, with sales falling 13.7 percent to $4.4 billion and same-store sales declining 12.8 percent. Kmart expects to end the year with over $3.1 billion in cash.
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