Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Kmart to Determine Closings After Holidays
Nov 5, 2002
 Printable format
 Email this Article
 Search

Kmart Corp., said to be the largest U.S. retailer to file for bankruptcy, will decide after the holiday selling season whether it needs to close additional stores. The discount retailer will base any decision on a location's holiday sales, profitability, and competition, spokesman Jack Ferry said. Kmart is expected to release December sales results when it files a monthly operating report with the U.S. Bankruptcy Court in mid-January.

The Atlanta Business Chronicle said Kmart is considering closing 565 stores after the holidays, citing a list from unspecified sources. Kmart doesn't have a list of proposed
closings and is in the "preliminary" stages of evaluating
locations, Mr. Ferry said. The discounter closed 283 stores and fired about 22,000 workers earlier this year to reduce costs. The company, which now has about 1,800 stores and 220,000 workers, previously said it would wait until after the Christmas holiday season to make any decision on store closings. (Bloomberg News)

Back to Daily News

 

Daily News

...........................................................

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

Jul 29, 2014: TCL Will Manufacture Portable HVAC Equipment for Soleus Air

Jul 29, 2014: HVACR Contractors Outlook Remains Positive

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows