Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

Kmart raps Chapter 11 talk

Published on .

Kmart Corp., Troy, Mich., called published speculation about a Chapter 11 filing "inaccurate and misleading," saying its financial position is solid. The statement released by the retailer is in response to a report in Monday's The Wall Street Journal which quoted some analysts as saying Kmart should consider filing Chapter 11 as a more efficient means to make drastic changes such as more store closings. Kmart said that its balance sheet was strong and it has raised $3.5 billion with the sale of its specialty stores in past 18 months.

Most Popular
In this article: