TITLE

Kmart to sell minority stake in Borders-Walden

AUTHOR(S)
Milliot, Jim; Baker, John F.
PUB. DATE
May 1994
SOURCE
Publishers Weekly;5/9/1994, Vol. 241 Issue 19, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on Kmart's plans to sell a minority stake in its Borders and Walden group to the public as part of a plan to raise cash and focus on its flagship mass merchandise stores. Release of report to shareholders detailing the Borders superstores' growth and expansion plans as well as steps to revitalize Waldenbooks; Closure of 200 Walden stores as part of effort to improve Walden's profitability.
ACCESSION #
9406131395

 

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