- Woman sleeping in car accused of attacking Cape officer (7/26/16)13
- Seeking new history: Centurion Development buys former Woolworth building at 1 N. Main St. (7/28/16)5
- Prosecutor says shooting by state trooper was justified (7/24/16)15
- Cape resident gets seven years in prison for shooting at man (7/26/16)1
- Former Scott City mayor refutes claims made about loss of curbside recycling pickup (7/26/16)
- Burglary of trailer leaves its residents homeless (7/27/16)4
- Golden Corral coming to Cape; may hire 100 workers (7/21/16)10
- Police: Child's video revealed stepfather's abuse of sibling (7/28/16)3
- Foot plots provide habitats and nutrition to attract wildlife, grow populations (7/18/16)
- City may spend extra park tax money on Cape Splash, skate park, other projects (7/25/16)10
Food distributor halts shipments to Kmart
DALLAS -- A major food distributor said Monday that it has cut off most shipments to Kmart after the troubled discounter failed to make its regular weekly payment for deliveries.
Fleming Cos. said Kmart, its largest customer, owes $78 million.
Kmart chief executive Charles Conaway said the company was negotiating a plan to resume shipments from Fleming, once Kmart officials work through "financial issues and are able to provide Fleming with adequate assurance of payment."
Kmart's credit rating and stock plunged this month after the company said it did no better than break even in 2001, blaming disappointing holiday sales. It also said it was in discussions with its lenders about financing.
Fleming, the nation's second-largest wholesale food distributor behind Supervalu, supplies about 3,000 supermarkets, 6,800 convenience stores and 2,000 mass merchandisers.
Just a week ago, Fleming said its relationship with Kmart was strong. But this week, the company said it has stopped all shipments except some perishable food that was already en route to Kmart stores and Super Kmarts.