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The Detroit Free Press reports that Kmart plans to remodel as many as 20 stores, creating a retail format that has brighter colors, wider aisles, better lighting ands lower shelves.

The first stores to get the treatment will be in White Plains, NY, and Boca Raton, Fla.

Then cost of remodeling all 20 stores will be between $200,000 and $400,000 apiece. "We are committed to improving the customer experience and these stores are an example of how we're working to do that," said spokesman Stephen Pagnani.

While Kmart has seen declining sales since it emerged from bankruptcy, it has been selling off real estate and building a bank account that now has roughly $3 billion in it.
KC's View:
We’re not buying. Twenty stores does not constitute a makeover. We still think that management is in the Kmart business for the real estate sales, not because it has any interest in or commitment to retailing.

Besides, you can’t help but notice that as Kmart announces that it will give 20 stores a paint job and some new light bulbs, Wal-Mart says it will open some 300 new units.

The contrast is stark. Kmart’s future as a retailer is grim.