Leaky discounters fight to stay afloat

Discount retailers are expected to continue to experience financial difficulties in 1996. Kmart is attempting to solve its problems while regional discounters, Jamesway Corp, Caldor Corp and Bradlees filed for bankruptcy. Wal-Mart will increase its supercenters and Target Stores plans to expand into the eastern US. Industry analysts expect regional discounters to continue to close stores and merge in 1996.
NEW YORK (FNS) -- It looks like another tough year for discounters. Kmart Corp. is struggling to turn around business, while many regional discounters are fighting desperately to survive. Meanwhile, [...]