Floyd Hall Quotes
Kmart's sales for October were on plan despite softer apparel sales due to unseasonably warm weather during the latter half of the month. Sales volumes for the third quarter were near expectations. Categories showing particular strength for the month included home appliances and electronics, do-it-yourself, home decor, cosmetics and fragrances, consumables, stationery and pharmaceuticals.
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Sales | October | Plan | Softer | Apparel |
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We will be able to decrease the number of cartons we process in our distribution centers, reduce our capital expenditure needs and cut our inventory by about $150 million.
- Floyd Hall
