BlueLight reduces costs, losses
Kmart's BlueLight.com has reduced operating costs by 75 percent, the company said in an annual report filing with the Securities and Exchange Commission Wednesday. BlueLight, Kmart's once-independent e-commerce arm that was eventually brought back in to the parent company fold, projected that it will lose $12 million for the first two quarters of 2002, Kmart said. Amid financial troubles, Kmart last year brought BlueLight back in to its own operations and laid off executives and most of BlueLight's staff.
Greg Sandoval Former Staff writer
Greg Sandoval covers media and digital entertainment for CNET News. Based in New York, Sandoval is a former reporter for The Washington Post and the Los Angeles Times. E-mail Greg, or follow him on Twitter at @sandoCNET.
Kmart's BlueLight.com has reduced operating costs by 75 percent, the company said in an annual report filing with the Securities and Exchange Commission Wednesday. BlueLight, Kmart's once-independent e-commerce arm that was eventually brought back in to the parent company fold, projected that it will lose $12 million for the first two quarters of 2002, Kmart said. Amid financial troubles, Kmart last year BlueLight back in to its own operations and laid off executives and most of BlueLight's staff.