Hueber has served as an executive officer of the registrant since 1991 and has served in his current position since 1994. Prior thereto he was Vice President, west/Central Region from 1991 to 1994. Kearse - senior Vice President and General Merchandise manager - home,. Kearse has served in his current position since november 1997. Prior thereto he held the following positions at the registrant: Vice President, merchandise Presentation and Communication from 1996 to 1997; Vice President and General Merchandise manager - men's and Children's from 1995 to 1996; divisional Vice President, merchandising Fashions from 1994 to 1995; and Senior. Kuske - senior Vice President and General Merchandise manager - hardlines,. Kuske has served in his current position since April 1999. Prior thereto he held the following positions at the registrant: Senior Vice President and General Merchandise manager - health and beauty care, pharmacy and Consumables from 1997 to 1999; Vice President, general Merchandise manager - health and beauty care/Pharmacy from 1996 to 1997; divisional Vice.
Kmart, sears face substantial doubt about finances as losses grow
Warren cooper - executive vice President, human Resources and primary Administration,. Cooper joined the registrant under his current title in March 1996. Prior thereto he internet was Senior Vice President, human Resources, general Cable from 1995 to 1996; Vice President, human Resources, the sears Merchandise Group, sears, roebuck. From 1993 to 1995; and Vice President, corporate human Resources, sears, roebuck. From 1987 to 1993. Heether - senior Vice President, merchandise Planning and Replenishment,. Heether joined the registrant under his current title in April 1996. Prior thereto he served as Senior Vice President, merchandise Operations, Bradlees, Inc. From 1993 to 1996; and Vice President, merchandise Planning and Control, caldor from 1990 to 1993. Hueber - senior Vice President, Store Operations,.
Giancamilli - president and General Merchandise manager,. Giancamilli has been in his current position since january 1998. Prior thereto he held the following positions at the registrant: Senior Vice President, general Merchandise manager-Consumables and Commodities from 1996 to 1998; Vice President, Pharmacy merchandising and Operations from 1995 to 1996. Prior to joining the registrant in 1995, he was President, Chief Operating Officer, perry Drug Stores, Inc. From 1993 to 1995; and Executive vice President, Chief Operating Officer, perry Drug Stores, Inc. From 1992 to 1993. Keeble - president, Store Operations,. Keeble has served as an words executive officer of the registrant since 1989 and has served in his current position since july 1999. Prior thereto he held the following positions at the registrant: Executive vice President, Store Operations from 1995 to 1999, Executive vice President, merchandising and Operations from 1994 to 1995; and Senior Vice President, general Merchandise manager - fashions from 1991 to 1994.
Prior thereto he served concurrently as Chairman and Chief Executive officer of The museum Company, alva reproductions, Inc. And Glass Masters, Inc. From 1989 to 1995. Michael bozic - vice Chairman,. Bozic joined the registrant under his current title in December 1998. Prior thereto he was Chairman and Chief Executive officer, levitz furniture corporation from 1995 to 1998 and President and Chief Executive officer, hills Department Stores, Inc. From 1991 to 1995. Bozic was also with sears roebuck company for 28 years, serving as Chairman and Chief Executive officer, sears Merchandise Group, from 1987 to 1991.
Could this be the end of sears and Kmart?
A description of the registrant's leasing arrangements, appearing in Note 7 of the "Notes to consolidated Financial Statements" on page 29 of the registrant's 1999 Annual Report to Shareholders, is incorporated herein by reference. Legal Proceedings The registrant is a party to a substantial number of legal proceedings, most of which are routine and all of which are incidental to its business. Some matters involve claims for large amounts of damages as well as other relief. Although the consequences of these proceedings are not presently determinable, in the opinion of management, they will not have a material adverse affect on the registrant's liquidity, financial position or results of operations. Submission of Matters to a vote of Security holders Not applicable. 3 4 Executive officers of the registrant The name, position, age and a description of the business experience for each of the executive officers of the registrant is listed below as of March 22, 2000. There is no family relationship among the executive officers.
Executive officers of the registrant are elected each year at the Annual meeting of the board of Directors to serve for the ensuing year and until their successors are elected and qualified. The business experience for each of the executive officers described below includes principal positions held since 1992. None of the corporations friend or organizations listed below is a parent, subsidiary or other affiliate of the registrant. Floyd Hall - chairman of the board, President and Chief Executive officer,. Hall joined the registrant under his current title in June 1995.
Success in this competitive market is based on factors such as price, quality, service, product mix and convenience. Seasonality The registrant's business is highly seasonal and depends to a significant extent on the results of operations for the last quarter of the fiscal year. Credit Sales The registrant offers a private label Kmart Credit Card, available in all Kmart stores, through household Bank (sb. household a unit of household International, Inc. Household owns the receivables and retains the credit risk associated with this program. In addition to the Kmart Credit Card program, all of the registrant's stores accept major bank credit cards as payment for merchandise.
Employees The registrant employed approximately 271,000 persons as of January 26, 2000. 2 3 Effect of Compliance with Environmental Protection Provisions Compliance with federal, state and local provisions which have been enacted or adopted regulating the discharge of materials into the environment, or otherwise relating to the protection of the environment, has not had, and is not. Properties At January 26, 2000, Kmart operated a total of 2,171 general merchandise stores which are located in the United States, puerto rico, the. Kmart leases its store facilities, with the exception of 120 stores that it owns. Kmart store leases are generally for terms of 25 years with multiple five-year renewal options which allow Kmart the option to extend the life of the lease up to 50 years beyond the initial noncancelable term. The registrant owns its headquarters and one administrative building in Troy, michigan and leases administrative buildings in royal oak, michigan and North Bergen, new Jersey. The registrant owns two United States distribution centers, and leases 16 United States distribution centers for initial terms of 10 to 30 years with options to renew for additional terms. In addition, the registrant owns or leases 497 parcels not currently used for store operations, the majority of which are rented to others.
Coles, bunnings, Kmart, target, Officeworks: Wesfarmers 2017 first
A total of 1,860 report traditional Kmart stores had been converted to the big Kmart format at year-end 1999, with another 156 stores scheduled for conversion during fiscal 2000. At year-end 2000, including new stores built in the big Kmart format, it is expected that approximately 2,030 stores will be in the big Kmart format. Super Kmart Centers represent the registrant's supercenter concept. Super Kmart Centers combine a full grocery assortment, including fresh and frozen food, bakery, meats and other items, with a broad selection of general merchandise found at Big Kmart and traditional Kmart stores. The registrant's 105 Super Kmart Centers are open 24 hours a day, seven days a week. Information regarding the registrant's analysis of consolidated operations appearing in "Management's Discussion and Analysis of Results of Operations and Financial Condition" on pages 18 through 20 of the registrant's 1999 Annual Report to Shareholders, is incorporated herein by reference. Information regarding the registrant's discontinued operations and dispositions appearing in Note 2 of the "Notes to consolidated Financial Statements" on page 27 of the registrant's 1999 Annual Report to Shareholders, is incorporated herein by reference. Competition Kmart has several major competitors on a national level, which include. Penney, sears, target and Wal-Mart, and many competitors on a local and regional level which compete with Kmart's individual stores.
The principal executive offices of Kmart are located homework at 3100 West Big beaver road, Troy, michigan 48084, and its telephone number is (248) 643-1000. Operations The registrant operates in the general merchandise retailing industry through 2,171 Kmart discount stores with locations in each of the 50 United States, puerto rico, the. Virgin Islands and guam. Kmart's general merchandise retail operations are located in 299 of the 316 Metropolitan Statistical Areas in the United States. Kmart stores are generally one-floor, free-standing units ranging in size from 40,000 to 180,000 square feet. In 1995, Kmart converted 29 of its traditional stores to feature a new, high-frequency format. In April 1997, this design was renamed Big Kmart. Big Kmart offers customers an increased mix of frequently-purchased, everyday basics and consumables in a "Kmart Pantry" area located near the front of each store.
this report. Registrant's Proxy Statement dated April 13, 2000 in connection with the 2000. Annual meeting of Stockholders are incorporated by reference into part iii of this report. 2 part i, item. Business History Kmart Corporation the registrant" or "Kmart is the nation's second largest discount retailer and the third largest general merchandise retailer. Kmart was incorporated under the laws of the State of Michigan on March 9, 1916, as the successor to the business developed by its founder,. Kresge, who opened his first store in 1899. After operating Kresge department stores for over 45 years, the Kmart store program commenced with the opening of the first Kmart store in March 1962.
Employer incorporation or organization) Identification.) 3100 West Big beaver road - troy, michigan (Address of resume principal executive offices) (zip code) Registrant's telephone number, including area code (248). Securities registered pursuant to section 12(b) of the securities exchange act. Of 1934: Name of each Exchange title of each class on which registered Common Stock,.00 par value new York, pacific and Chicago Exchanges. Securities registered pursuant to section 12(g) of the securities exchange act. Of 1934: None, indicate by check mark whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was. Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation s-k is not contained herein, and will not be contained, to the best of the registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part iii. the aggregate market value of voting stock including Common Stock held by non-affiliates of the registrant on March 22, 2000 was 4,844,341,860. The market value of the common Stock is based on the closing price on the new York. Stock Exchange on such date.
Chicago, il - hire
Begin privacy-enhanced message-, proc-Type: 2001,mic-clear, originator-Name: Originator-key-asymmetric: mic-info: rsa-md5,rsa, reptmiy03HrhqiuojwlCsw. Txt : ml : 20000420. Accession number:, conformed submission type: 10-k, public document count: 6, conformed period of report: 20000126. Filed as of date: 20000419, filer: company data: company conformed name: kmart corp central index key: standard industrial classification: retail-variety stores 5331 irs number: state of incorporation: mi fiscal year end: 0129 filing values: form type: 10-k sec act: sec file number: film number: 604969 business address: street 1: 3100 w big beaver. X annual report pursuant to section 13 or 15(d) of the securities exchange act. Of 1934 For the fiscal year ended January 26, or _ transition report pursuant to section 13 or 15(d) of the securities exchange act of 1934. For the transition period from. Kmart corporation (Exact name of registrant as specified in its charter) Michigan (State or other jurisdiction of (I.R.S.