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ELB & NLB KMarts NOT Listed For Closing in Bankruptcy Reorg.

Stores in Compton, Fountain Valley and south L.A. are slated to close

KMart Los Altos(March 8, 2002) -- KMart corporation announced today it does NOT plan to close its two LB locations (ELB & NLB) as part of the company's Chapter 11 bankruptcy.

This morning, the company released a list of 284 of what it calls under-performing stores it plans to close, but these do NOT include KMart's locations at 2900 Bellflower Blvd (photo) and NLB (5450 Cherry Ave.).

Some other area KMarts listed to close include Compton (233 E. Compton Blvd.), Fountain Valley (16111 Harbor Blvd.) and a south L.A. location (11507 S. Western).

LB and other KMart locations remain open for business pending approval of the store-closing plan by the bankruptcy court later this month. The company said it expects the closings will "significantly enhance the Company's operational and financial performance."

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