Articles by Anna Driver



Failed Kmart Launches Probe Into Accounting

  • 28 January 02
  • Reuters
Bankrupt retailer Kmart Corp. said Friday it launched an internal investigation of its accounting as a result of an anonymous letter sent to its directors, auditors and government regulators.

Kmart Corp. Files for Bankruptcy

  • 23 January 02
  • Reuters
Kmart Corp. on Tuesday filed for bankruptcy protection, the largest retailer ever to do so, after a dismal holiday sales season and stiff competition from rivals Wal-Mart Stores Inc. and Target Corp. left the company strapped for cash.