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January 21, 2002

USA: Brands Say Will Continue To Support Kmart

Big name brands on sale at Kmart have pledged their support for the discount retailer, despite its on-going financial troubles and persistent rumours of a bankruptcy filing. Analysts also say that is in the brands' interests to stay with Kmart, even though license contracts usually have a get-out clause in the event a Chapter 11 filing.

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