Whatever strengths fashion apparel did show came from deep markdowns.
People are not going to go on buying binges. People are deep in debt and deep in hock,
Most retail sales were relatively decent, but were achieved with the help of deep markdowns which will show up as heavy pressure on gross margins, and that is going to be reflected in the earnings,
There's no question that Kmart is in deep trouble, and how that trouble is going to resolve itself remains to be seen,