K mart Corp.: The giant retailer’s third-quarter...
- Share via
From Times Staff and Wire Reports
K mart Corp.: The giant retailer’s third-quarter net income dropped 18% from a year ago to $104 million. Sales totaled $6.7 billion, up 6%. The Troy, Mich., firm attributed the results to its “everyday low-price policy,” which had been expected to have a negative short-term impact on earnings. Interest expenses on debt reached $51 million, up 35%, because of increased borrowing in 1989, the firm added.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
