Will Martha dump Kmart?
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January 17, 2002: 3:20 p.m. ET
A closer look at Martha Stewart's relationship with the discount retailer.
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NEW YORK (CNN/Money) - As speculation about a possible Kmart bankruptcy filing and store closings swirls around Wall Street, the stock has plunged into an all-time low. Kmart's best-known supplier is Martha Stewart, whose housewares and other products have been a big draw for Kmart shoppers, pulling in $1.5 billion last year.
But now the question is: Will Stewart end her relationship with this troubled retailer? This is what she had to say to CNNfn's Lou Dobbs: "We have no plans whatsoever to depart from our relationship with Kmart.... They can choose to either terminate our agreement or they could continue us as a supplier."
"We think our brand is so strong and so appealing it will find its customers, and I am not really worried about that.... I feel sorry for Kmart," she added.
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