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February 26, 2010 - 0 comments

Detroit -- A judge in Detroit ordered a former Kmart chief executive officer to pay more than $10 million for misleading investors before the retailer's 2001 bankruptcy.

November 6, 2009 - 0 comments

Oakland -- Three of the largest U.S. retail firms, Target, Kmart and Toys R Us agreed to settle a lawsuit in California over selling toys that exceed lead paint standards.

Submitted by Rakhi Kaptiyal on Fri, 02/20/2009 - 08:14 ::

Chicago -- Kmart has changed its line up in the shoe department, aiming to attract the frugal U.S. shopper, a company executive said.

The mega-retailer has introduced 1,000 new shoe styles since the company's owner Sears Holdings Corp. cut its ties with Footstar Corp. on Jan. 1, the Chicago Sun-Times reported Thursday.

"We were neglecting to serve our Hispanic and African-American customers,"
said Nick Grayston, president of footwear for Sears.

Last weekend, Kmart used the National Basketball Association All-Star event as a launching pad for the "Protege" a sneaker co-designed by New York Knicks player Al Harrington.

Other shoe stores are also out to court bargain-hunters, the female version of which is known as the "frugalista," the newspaper said.

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