NEW YORK (CNN/Money) - Kmart, the retailer trying to emerge from bankruptcy, said Wednesday that the New York Stock Exchange may delist its shares.

The delisting could come in the next six months, Kmart said, because its stock price has fallen below $1, on average, over the past 30 days. Its shares slipped 2 cents to 79 cents Wednesday.

Under NYSE guidelines, Troy, Mich-based Kmart must return to compliance within six months to avoid delisting.

The company joins WorldCom (WCOME: Research, Estimates), which is facing Nasdaq removal following its $3.6 billion accounting scandal.

Kmart (KM: Research, Estimates), with $36 billion in annual sales, filed for Chapter 11 bankruptcy protection in January.

Kmart has a long way to go before emerging from bankruptcy protection. The company last month reported a first-quarter loss of $1.45 billion as it took a nearly $800 million charge related to closing 283 stores.