NEW YORK -- Shares of Kmart Holding Corp. rose early last week after the discounter proved that it didn't have such a bad first quarter after all. The company, which emerged from bankruptcy last month, also said its gross margins got a boost in part from a decline in food and consumables sales, which are less profitable than other merchandise. "I think everyone is giving this company a short-term grace period," said Bob Carbonell, vice president and director of credit, Bernard Sands, New ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.