posted October same-store sales that fell 1.2% from a year ago, as the period was hurt by the volume of clearance merchandise.
Total sales for the four weeks ended Oct. 25 were relatively flat at $2.48 billion. Excluding the impact of store closings and inventory liquidation, same-store sales fell 2% for the period.
The retailer also saw a 1.4% increase in same-store sales for the 13-week period ended Oct. 25 compared with a year ago, with net sales up 3% to $8.20 billion, from $7.96 billion last year.
Shares of Kmart were recently up 19 cents, or 3%, to $6.25 in
New York Stock Exchange