KMART WILL TAKE FIRST-QUARTER CHARGES FOR CLOSINGS

TROY, Mich. -- Kmart Corp. here said last week it will record charges of $600 million to $800 million in first-quarter 2002 for the 283 stores the company announced in March that it would close.esults for fiscal 2001 filed last week with the Securities and Exchange Commission.According to media sources, the FBI is investigating Kmart for possible criminal violations. However, a Kmart spokesman would

TROY, Mich. -- Kmart Corp. here said last week it will record charges of $600 million to $800 million in first-quarter 2002 for the 283 stores the company announced in March that it would close.

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