NEW YORK — Welcome to the new Kmart — slimmer, better stocked and better designed.

In fact, the strategy being put together by James B. Adamson, Kmart’s chairman and chief executive officer, very much resembles those being adopted by the bankrupt retailer’s larger competitors, Wal-Mart Stores and Target Stores. Adamson, in an exclusive interview, revealed Kmart is hard at work on a new prototype store, which it will begin to test this fall and which, in his view, will ensure the retailer has a future.

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