Kmart in court

Chicago — Kmart was back in bankruptcy court this morning as the confirmation hearing on its reorganization plan continued into a second day. The company is hoping to emerge from bankruptcy by April 30.

The court is hearing and considering a number of objections to the plan, including one from a factoring company concerning earlier payments. Kmart earlier reported some creditors had objected to the plan but portrayed them as nearly inconsequential. Kmart said most of its creditors and creditor classes approved of the plan.

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HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!