Kmart donates more market share

The closure of 17 Kmart stores in 14 states recently disclosed by the company should provide an ever-so-slight benefit to the handful of Target stores located near the shuttered Kmart units. Arizona, Ohio and New York each had two Kmart stores close, with one store each closed in Michigan, Colorado, Nevada, Utah, Georgia, Indiana, Florida, Tennesse, California, Minnesota and Illinois. Kmart ended its fiscal year on Jan. 31 with 1,368 stores and annual sales of $16.2 billion.