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Economy & Business

Kmart to Shut Down Stores, Cut Jobs

NPR

Published January 14, 2003 at 11:00 PM CST

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Michigan-based Kmart Corporation says it will close more than 300 stores and eliminate more than 35,000 jobs in the coming months. The move comes one year after the discount chain filed for Chapter 11 bankruptcy. Jerome Vaughn of member station WDET reports.