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MINNEAPOLIS — Kmart Corp. has agreed to “permanently” remove price-comparison ads from all Kmart stores following a lawsuit filed by Target Corp., but a Target spokesman said the company still plans to pursue litigation accusing Kmart of false advertising.
Last week Target (TGT) filed a lawsuit in Minneapolis federal court alleging that Kmart’s advertising misstated prices on hundreds of items at Target’s discount stores.
A Target spokesman said Friday that Kmart (KM) agreed to a court stipulation to permanently remove all “Dare to Compare” signs from stores.
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