NEW YORK - A new survey published in the July issue of Consumer Reports magazine finds that Sears, Roebuck & Co., Costco Wholesale Corp. and Target Corp. scored high with shoppers for merchandise quality and convenience, while Wal-Mart and Kmart fared the worst.
TROY, Mich. - Kmart Corp. today posted a $1.45 billion quarterly net loss as it took a massive charge to clear inventory out of stores it shuttered after it filed for bankruptcy, Reuters reports.
TROY, Mich. - Kmart Corporation today announced the appointment of William D. Underwood as executive vice president, Kmart sourcing and global operations, effective immediately.
MIAMI - With 2001 unit shipments up 162 percent, the retail self-checkout market is poised to surpass $1 billion in annual revenue by 2003, according to a new study from IHL Consulting Group.
DETROIT - Kmart Corp. on Thursday reported a $1.02 billion net loss during the five weeks ended May 1 and restated its losses for the remainder of the period since the company filed for Chapter 11 bankruptcy protection, The AP reports.
WASHINGTON - The FBI is investigating whether former executives for bankrupt retailer Kmart have committed any crimes as the company looks to reorganize after a Chapter 11 filing in January, USA Today reports.
TROY, Mich. - Kmart Corp. on Friday said it fired 12 executives and realigned its field organization for the second time in three months, shrinking it to two geographic divisions from five, Reuters reports.
