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News > CEOs
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Will Martha dump Kmart?
graphic January 17, 2002: 3:20 p.m. ET

A closer look at Martha Stewart's relationship with the discount retailer.
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  • Kmart stock tumbles 48% absent news from board - Jan. 16, 2002
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  • CNN/Money: TIPS FROM THE TOP
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    NEW YORK (CNN/Money) - As speculation about a possible Kmart bankruptcy filing and store closings swirls around Wall Street, the stock has plunged into an all-time low. Kmart's best-known supplier is Martha Stewart, whose housewares and other products have been a big draw for Kmart shoppers, pulling in $1.5 billion last year.

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    But now the question is: Will Stewart end her relationship with this troubled retailer? This is what she had to say to CNNfn's Lou Dobbs: "We have no plans whatsoever to depart from our relationship with Kmart.... They can choose to either terminate our agreement or they could continue us as a supplier."

    "We think our brand is so strong and so appealing it will find its customers, and I am not really worried about that.... I feel sorry for Kmart," she added. graphic

      RELATED STORIES

    Kmart stock tumbles 48% absent news from board - Jan. 16, 2002

      RELATED LINKS

    CNN/Money: TIPS FROM THE TOP





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