Kmart Names New Senior Vice President Real Estate

Apr 16, 2001, 01:00 ET from Kmart Corporation

    TROY, Mich., April 16 /PRNewswire/ -- Kmart Corporation (NYSE:   KM) today
 announced that John M. Foster has joined the company as Senior Vice President,
 Real Estate Management, effective immediately.
     In this new position, Foster reports directly to Kmart President and COO
 Mark Schwartz and is responsible for Real Estate, Construction and Design, and
 Real Estate Market Strategy.
     A 15-year retail real estate Veteran, Foster joins Kmart from his post as
 Vice President and General Manager for Cole National Company where he was
 responsible for the start-up of Target Optical, including property
 development, operations, merchandising and marketing.  He also held senior
 level real estate positions with Biker's Depot, Super Shops, Inc., Reliable
 Drug Stores, Inc. and Rite Aid Corporation.  Foster received his Bachelor of
 Science Degree in Accounting from Northern Michigan University and his MBA
 from the University of Pennsylvania's Wharton School.
     Kmart Corporation is a near-$40 billion company that serves America with
 more than 2,100 Kmart and Kmart supercenter retail outlets.  Kmart donates
 $35 million each year to support its hometowns and local non-profit
 organizations.  Kmart associates also provide their most valuable resource --
 time -- everyday in their local communities.  In addition to serving all 50
 states, Kmart operations extend to the Caribbean Islands and Asia Pacific.
 More information about Kmart is available on the World Wide Web at
 www.bluelight.com under the "About Kmart" section.
 
 

SOURCE Kmart Corporation
    TROY, Mich., April 16 /PRNewswire/ -- Kmart Corporation (NYSE:   KM) today
 announced that John M. Foster has joined the company as Senior Vice President,
 Real Estate Management, effective immediately.
     In this new position, Foster reports directly to Kmart President and COO
 Mark Schwartz and is responsible for Real Estate, Construction and Design, and
 Real Estate Market Strategy.
     A 15-year retail real estate Veteran, Foster joins Kmart from his post as
 Vice President and General Manager for Cole National Company where he was
 responsible for the start-up of Target Optical, including property
 development, operations, merchandising and marketing.  He also held senior
 level real estate positions with Biker's Depot, Super Shops, Inc., Reliable
 Drug Stores, Inc. and Rite Aid Corporation.  Foster received his Bachelor of
 Science Degree in Accounting from Northern Michigan University and his MBA
 from the University of Pennsylvania's Wharton School.
     Kmart Corporation is a near-$40 billion company that serves America with
 more than 2,100 Kmart and Kmart supercenter retail outlets.  Kmart donates
 $35 million each year to support its hometowns and local non-profit
 organizations.  Kmart associates also provide their most valuable resource --
 time -- everyday in their local communities.  In addition to serving all 50
 states, Kmart operations extend to the Caribbean Islands and Asia Pacific.
 More information about Kmart is available on the World Wide Web at
 www.bluelight.com under the "About Kmart" section.
 
 SOURCE  Kmart Corporation