Kmart reports $174 million net loss in February

TROY, Mich. - Kmart Corp. on Friday reported a $174 million net loss for February, the first full month since the discount retailer filed for Chapter 11 bankruptcy protection. <br> <br> The Troy-based company, in a filing with the U.S. Securities and Exchange Commission, also reported $2.2 billion in sales for the month. <br> <br> Kmart, which filed for bankruptcy on Jan. 22 after disappointing holiday sales and a stock dive, has struggled to compete with discount competitors Wal-Mart Stores Inc. and Target Corp. It has announced the closing of 283 stores and the cutting of 22,000 jobs. <br>

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