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KMART

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Issue:

Business

 

Written by:

Kim P

 

Date added:

July 4, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1478

 

Was viewed:

7305 times

 

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Essay content:

All of these were factors in the company's decision to file for bankruptcy protection. The bankruptcy filing had the immediate effect of reassuring suppliers that they would be paid. Early restructuring efforts included closing underperforming stores and canceling the leases for previously closed stores resulting in "annual savings of hundreds of millions of dollars...
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Early restructuring efforts included closing underperforming stores and canceling the leases for previously closed stores resulting in "annual savings of hundreds of millions of dollars." A new management team of seasoned executives with considerable turnaround and retail experience was installed. Arrangements were made with a credit facility to provide additional liquidity...
displayed 300 characters

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