Kmart Reportedly to Sign E-Commerce Deal with Softbank
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American's third-largest retailer, Kmart, reportedly is negotiating a venture capital deal in the $50 million range to help the company create a new Internet strategy.
The plan is for the new site to be up early next year, and boost online and in-store sales.
Kmart's enterprise would be based in Silicon Valley and be run largely by outside executives, Business Week said.