Trying to emerge from bankruptcy protection by April and boost cash flow, struggling discount giant Kmart Corp. said it will shutter 326 stores and slash 37,000 jobs. If the bankruptcy court approves ...
DETROIT — Kmart Corp. offered early retirement to 28,500 workers yesterday, as it posted disappointing results for the third quarter. The employees represent 11 percent of Kmart’s work force. The bulk ...
ROYAL OAK, Mich. -- Kmart Corp. said Monday it will eliminate nearly 700 more jobs in another round of cost-cutting as the troubled retailer tries to climb its way out of bankruptcy. The cuts include ...
TROY, Mich. – Kmart Holding Corp.’s sale of 13 stores to The Home Depot Inc. could cost up to 1,200 Kmart employees their jobs in coming months. Under an agreement announced in June, Kmart will sell ...
NEW YORK – Discount chain Kmart Corp. on Friday said it will close 284 of its 2,114 stores and cut 22,000 jobs as part of its restructuring under Chapter 11 bankruptcy, resulting in a charge of $1.1 ...
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