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Essay heading: Kmart : Where is it going?
 
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Issue: Business
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Date added: October 29, 1999
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No of pages / words: 37 / 10343
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Kmart, however, declines to reveal the total percentage of revenues for which its seasonal inventory accounts. According to David M. Carlson, Kmart's senior vice president of corporate information systems, managing seasonal inventory perfectly would mean "the last customer who wants a particular item will find the last one in stock...
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Through fiscal 1996, Kmart projects a total return from SMMS in the neighborhood of $240 million. Not bad for an investment of roughly $2.5 million. Kmart could certainly use the money. Earnings at the $34 billion-a-year discount department store chain have been plunging lately. The company recently announced a restructuring effort that calls for closing 110 stores and eliminating 6,000 jobs...
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