The Failure of Kmart INTRODUCTION Kmart sometimes known as K-Mart was founded in 1962 and was a chain of discount stores located in the United States, US Virgin Islands, Guam and Puerto Rico. The company also existed in Australia and New Zealand, though the current stores in those locations have no connection with the original North American Kmart stores. In the 2005 the company acquired Sears and took on the name Sears . Kmart used to a leader in the discount store industry, however today it is in third place behind Wal-Mart and Target. As of January 2008 the company operated close to 1500 stores across the United States, that includes over 1300 discount stores and over 50 super centres The average floor areas of the discount stores is...The end:
.....rom Supermarkets to Supercenters : Employment Shifts to the One-Stop Shop Warehouse Clubs and Supercenters Have Expanded into Market Segments Long Dominated by Department Stores and Supermarkets, Eroding Employment and Sales in These Giants of Retail Trade; the Increasing Dominance of Warehouse Clubs and Supercenters Will Force Yet More Structural Changes upon the Industry. Monthly Labor Review, 129(2), 39+. Turner, M. L. (2003). Kmart's Ten Deadly Sins: How Incompetence Tainted an American Icon. Hoboken, NJ: Wiley. Varley , R., & Gillooley , D. (2001). Retail Product Management: Buying and Merchandising. London: Routledge . Zawislak , M. (2002, June 23). Towns Will Fill Kmart Sites, They Say. Daily Herald (Arlington Heights, IL), p. 1.