KMART: CLOSINGS TO LOWER SALES 5%

TROY, Mich. -- Kmart Corp. here said last week it expects the store closures it will announce later this month to reduce its sales volume by only 5%."We'll downsize to $35 billion, give or take a few billion. That's [still] a lot of money" in terms of sales, said James B. Adamson, Kmart's chairman. But it's not that much of a drop from last year's $37 billion, he suggested.Adamson, speaking last week

TROY, Mich. -- Kmart Corp. here said last week it expects the store closures it will announce later this month to reduce its sales volume by only 5%.

Register to view the full article