- City suspends liquor license for downtown Cape bar; owners say they want to fix problems (3/26/17)7
- Mall aboard: Future requires evolution at West Park Mall (3/24/17)24
- Legal discrimination complaint, ethics complaint filed in Scott City government (3/22/17)13
- Business notebook: Cape native goes from farm to mobile-food operation (3/20/17)1
- Former Southeast softball coach sues Board of Regents; seeks damages and her job back (3/23/17)15
- Former Scott City administrator: 'I was forced to resign' (3/21/17)6
- Triplett manslaughter case set for July 2018 (3/21/17)2
- Two people found dead in Advance house fire (3/21/17)
- Two Cape men charged with second-degree murder of Grandi (3/21/17)2
- Lawmakers put prevailing wage in crosshairs; laborers object (2/12/17)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.