Kmart to sell minority stake in Borders-Walden

Milliot, Jim; Baker, John F.
May 1994
Publishers Weekly;5/9/1994, Vol. 241 Issue 19, p12
Trade Publication
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.


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