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Kmart eyes 300 store closings

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Published: Dec. 24, 2002 at 12:54 PM
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TROY, Mich., Dec. 24 (UPI) -- Massive third-quarter losses and a disappointing Christmas season could force Kmart to close at least 300 more stores next year, analysts estimated Tuesday. Since it filed for Chapter 11 bankruptcy protection in January, Kmart has shuttered 283 stores.

© 2002 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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