Kmart's Rocky Road

Comments (0) | 1 Sep 1996 | Rating | Print by Neil Stewart

Its own turnaround might have been enough to keep Kmart executives occupied, but they've had to deal with union preoccupations as well

Like a ship tossed on a stormy sea, battered by shareholders and under fire from borrowers, Kmart Corp passed a tempestuous winter. With new management and around $4 bn in non-core assets shed during the last year, the troubled retailer was downgraded to junk bond status and had to negotiate ...

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