K MART &lt;KM> SELLING KRESGE TO MCCRORY

  K mart Corp said it agreed to sell
  most of the U.S. Kresge and Jupiter stores to McCrory Corp, a
  subsidiary of privately held Rapid American Corp.
      It said the agreement covers 76 stores in 21 states
  including inventory and fixtures. The price depends on the
  amount of the inventory that will be in the stores on the
  closing date.
      K mart said it will continue to operate the stores until
  early June, when McCrory will take over with no interruption of
  service.
      The newly acquired Kresge and Jupiter stores will be
  renamed McCrory 5 and 10. McCrory currently operates 1,250
  stores in 38 states.
  

