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KMART CANADA POSTS LOSS

By Adnews Staff

Brampton, Ont.-based Kmart Canada Ltd. reported a loss of $4 million in the first quarter. During the first quarter of 1996, the retailer broke even. Kmart Canada's U.S. parent, Kmart Corp., is reportedly seeking a U.S. buyer for the company. Kmart handles most of its Canadian advertising in-house.

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