Kmart Corp., the discounter that tried to resurrect itself with promotions such as BlueLight Specials and Martha Stewart tea towels, filed for bankruptcy protection yesterday, becoming the largest ...

DETROIT -- Two former Kmart Corp. executives were charged with securities fraud yesterday for allegedly inflating the earnings of the now-bankrupt discount chain by $42.3 million two years ago. Enio ...

Former retail giant Kmart is shuttering its Avenel store, one of two remaining in the state and one of just four left nationwide. Once it closes this week, the retailer — which at one time boasted ...

Kmart, once the largest retailer in the country has fallen on hard times. The giant discount chain announced its closing nearly 300 stores and cutting 22,000 jobs. But for many Americans, Kmart ...

DETROIT -- The yearlong federal probe of bankrupt Kmart Corp. has yielded its first criminal indictments -- fraud charges against two former vice presidents accused of inflating the retailer's ...

Kmart Corp., the largest retailer to seek Chapter 11 protection, and Penske Auto Centers reached a settlement to close more than 550 service centers at the discount retailer’s stores, ending a ...

CHICAGO (CBS.MW) -- Kmart said Friday that it restated its 2002 financial results after an audit, switching $83 million in costs from the "discontinued operations" category into "continuing operations ...

The pending closure of a Kmart store in Avenel, New Jersey - set for Saturday - will reduce the number of Kmarts in the U.S. to just three, according to multiple reports. Many of the former Kmart ...

After Kmart closes its last location in New Jersey this fall, the once-prominent department store chain will be left with just two stores nationwide. Located in Westwood, the 41-year-old store has ...

Kmart Holding Corp. and Sears, Roebuck and Co. claimed that the planned merger they announced last week will broaden their retail presence and make their procurement, marketing, IT and supply chain ...

DETROIT -- Kmart Corp. has an aggressive timeline for emerging from bankruptcy protection as early as the first half of 2003, although analysts say the retailer's recent sales performance offers scant ...