Retail News:Kmart to Close 284 Stores, Cut 22,000 Jobs
March 08, 2002 04:42 PM ET
By Anna Driver

CHICAGO (Reuters) - Kmart Corp. said on Friday it will close 284 stores and cut 22,000 jobs in its bid to emerge from bankruptcy, but analysts said the retailer still needs a marketing strategy if it wants to survive the cutthroat U.S. discount market.
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