Kmart looks to continue brand partnerships
March 5, 2002-- Home Textiles Today,
Troy, MI — Kmart has filed several motions with the bankruptcy court in hopes of continuing its relationships with a number of its brand partners.
The company seeks to assume its licensing agreements with Martha Stewart Living Omnimedia for Martha Stewart Everyday home, garden, housewares and seasonal products; Jaclyn Smith G.H. Production Inc., Kathy Ireland World Wide Inc., Disney and Joe Boxer, for Joe Boxer apparel, accessories and home furnishings.
In addition, the retailer announced it will delay the release of its fourth-quarter and full-year earnings as a result of its Chapter 11 bankruptcy filing. Earnings had been scheduled to be released today but instead will be released when the company files its annual 10-K report.
Related Content By Author
DayThree from the NY Textiles Market