TROY, Mich. -- Kmart said last week that it might have to restate its quarterly earnings for 2001 as it continues its investigation into accounting practices used to record vendor allowances and general liability reserves. "The end result is they're going to lose more money than they said they did," said Eric Beder, analyst, Ladenburg Thalmann & Co., New York. The vendor allowances affect the cost of goods sold, so any changes in how those allowances are recorded could change how much ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.