KMART PLANS TO CLOSE 72 UNITS

TROY, Mich. -- Kmart Corp. here said last week it hopes to strengthen its financial performance by enhancing the productivity of its store base, reducing inventory and upgrading information systems.The company's plan calls for the closing of 72 stores, including six supercenters; an acceleration of planned inventory reductions, and an upgrade of its information, distribution and logistics systems.Those

TROY, Mich. -- Kmart Corp. here said last week it hopes to strengthen its financial performance by enhancing the productivity of its store base, reducing inventory and upgrading information systems.

The company's plan calls for the closing of 72 stores, including six supercenters; an acceleration of planned inventory reductions, and an upgrade of its information, distribution and logistics systems.

Those initiatives were the first concrete actions taken by Charles Conaway sinc

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TAGS: Walmart