WestPoint Stevens comments on Kmart chapter 11 filing

WEST POINT, Ga. - Commenting on yesterday&#39;s<br> Chapter 11 filing by Kmart Corporation, WestPoint Stevens, a leading home fashions company, based in West Point, Ga. said it expects no material impact on its financial results related to its current receivables position. <br> <br> The Company believes it has adequately reserved for any uncollectable amounts relating to its Kmart receivables.<br> <br> &#34;We value our long-standing relationship with Kmart and are committed to helping them preserve a well-defined position in the mass merchant channel through their reorganization,&#34; said Holcombe T. Green, Jr., chairman and chief executive officer of WestPoint Stevens.<br> <br> WestPoint Stevens will announce fourth quarter and fiscal year-end 2001 earnings on Thursday, February 7, 2002, and plans to comment further on the situation at that time.<br> <br> WestPoint Stevens Inc. is the nation&#39;s leading home fashions consumer products marketing company, with a wide range of bed linens, towels, blankets, comforters and accessories marketed under the well-known brand names.<br> <br> WestPoint Stevens is also a manufacturer of the MARTHA STEWART bed and bath lines. <br>