Troy, MI, Dec. 19--Bankrupt retailer Kmart Corp.'s shares will begin trading on the Pink Sheets electronic quotation system on Thursday under the symbol "KMRTQ.PK", ending an 84 year run on the New York Stock Exchange.
The shares, which were first listed under the old S.S. Kresge name on the NYSE on May 23, 1918, were delisted because they did not meet the NYSE's requirements. The exchange notified Kmart in July that it was not in compliance after its shares fell below $1.
The company's name was changed to Kmart in 1977, and it began trading under that name on May 17, 1977.
The company filed for bankruptcy protection in January after struggling to boost sales in a discount sector dominated by Wal-Mart stores and Target Corp.
