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Slashing for Growth: Bankrupt Kmart Cuts 37K Jobs, 326 Units

NEW YORK — The bill for Kmart Corp.’s second, and perhaps final, round of post-bankruptcy reductions is in: 326 stores, 37,000 jobs and $1.7...

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"We are encouraged by our successes, such as the Joe Boxer brand introduction, the favorable reaction to our new store prototype and our new brand licensing agreement with Thalia. We are confident that we will continue to build momentum and make demonstrable gains in the years ahead," he stated.
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