Kmart to Shut Stores, Slash Jobs - By Emily Kaiser

CHICAGO (Reuters) - Kmart Corp. (Other OTC:KMRTQ - news), fighting for survival in a cutthroat discount market dominated by Wal-Mart Stores Inc. (NYSE:WMT - news), on Tuesday said it would shut 326 stores and cut as many as 37,000 jobs in hopes of emerging from bankruptcy by April 30.

--Ouch... Wait! Think they will have a sale!?!