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Wednesday, Feb. 2, 2000 | 11:40 a.m.
THE ASSOCIATED PRESS
TROY, Mich. -- Attention Kmart shoppers: You can now purchase the company's stock directly from its Internet site rather than from a broker.
The Troy-based company announced Tuesday that it has partnered with StockPower Inc., an online direct investing company, to offer shares of Kmart Corp. common stock on www.bluelight.com, the retailer's recently launched e-commerce company.
"Kmart Stock Direct" will allow investors to make an initial purchase or increase the holding they already have in the company.
New investors must make an initial investment of $250 and pay a one-time $5 fee. Investors can purchase up to $100,000 in stock each year.
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