Kmart off to a good start on NASDAQ

New York — Kmart's new common stock began trading this morning on the NASDAQ National Market and by mid-day the stock price had climbed $2.44, or 13.79 percent, to $20.14.

The new stock had been trading on the over-the-counter Bulletin Board following Kmart's emergence from Ch. 11 bankruptcy May 6.

"This listing is another important milestone in Kmart's recovery," said Julian Day, president and ceo, in a statement. "Among other benefits, listing on the NASDAQ should enhance the trading liquidity of the new common stock and expand the number of investment manager funds eligible to purchase the stock."

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!