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Kmart Corp. (KM) Message Board

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  • martymahoney martymahoney Jan 22, 2002 4:10 PM Flag

    Just returned from shopping at K-Mart

    Fleming Cos. , the only grocery distributor to KM, halted shipments when a payment for $78 million was missed last week.

    Now that bankruptcy has been declared, it is likely KM can pay Fleming, and the shipments of groceries will resume.

    Perishables were not halted, only non-perishables. Fleming trades on NYSE: FLM.