Kmart to Cut 200 Jobs at Headquarters
- Share via
From Associated Press
Kmart Holding Corp. said it was cutting about 200 jobs at its headquarters as part of its streamlining efforts.
The Troy, Mich.-based company also lowered the maximum number of stores it planned to sell to Home Depot Inc. to 19 from 24.
The planned real estate sale had been greeted enthusiastically by Wall Street, so its revision sent Kmart’s stock downward. Its shares fell $3.21 to $64.40 on Nasdaq.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
