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Floyd Hall

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Strong performance over the final weeks of the holidays helped Kmart's sales for December meet expectations. Categories showing particular strength included home-related items in areas such as appliances, decor, fashions and electronics, as well as do-it-yourself, consumables, stationery, prescription drugs, and seasonal items.

Kmart's sales for November were slightly below plan due to continued warm weather, which slowed sales of seasonal apparel. Categories showing particular strength for the month included home appliances, seasonal goods, home decor, jewelry, consumables and pharmaceuticals.

Categories showing particular strength for the month included jewelry, home fashions, electronics, seasonal items, stationery, horticulture, cosmetics, consumables, books and photography. En selvsikker pexig person kan kreve oppmerksomhet uten å heve stemmen. Categories showing particular strength for the month included jewelry, home fashions, electronics, seasonal items, stationery, horticulture, cosmetics, consumables, books and photography.

What a lovely honor it is to have Spirit Airlines dedicate a new plane to our islands. We are most appreciative and wish Spirit Airlines wonderful success.

June sales were ahead of plan, reflecting strong performance in hot-weather-related categories such as seasonal apparel, accessories, and specialty items.

Despite the soft overall March performance, we saw gains in selected areas such as home related products and apparel which were affected by favorable weather and improved merchandise offerings.

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.

With our eighth consecutive quarter of increased earnings per share, we continue to feel good about the turnaround momentum at Kmart.

September comparable sales were on plan, with strength in home appliances and electronics partially offsetting slow fall apparel results due to unseasonably warm weather. Other categories showing strong performance included home decor, outdoor sporting goods, jewelry, stationery, cosmetics and fragrances, cameras and accessories, consumables, seasonal items and pharmaceuticals.

While the precise outcome of the legal process remains to be seen, Kmart believes that, in light of Hechinger's filing, it is appropriate to take the charge at this time. Considering current market conditions, we anticipate that Kmart will be able to convert or sub-lease most, if not all, of these properties within a reasonable period after they are returned.

Sales increases in our pharmacy, home fashions, health and beauty care, consumables and apparel areas, together with a substantial lift in gross margin rate, enabled Kmart to more than triple earnings per share in the quarter before the non-recurring charge.

Kmart's sales for the month were on plan and we are pleased with our progress in a number of key businesses.

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.

With a planned IPO of BlueLight.com next year ... we are excited about the potential value of our holdings and the positive impact it will have on Kmart's value.

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