Thursday, July 01, 2004
Endangered Companies: Part I
Kmart is one of those companies that looms large in our collective cultural consciousness. "Blue Light Special - Aisle 4!" But in our less filling/tastes great-coke or Pepsi, liberal/conservative bifurcated world, is their still a place for this aging giant in the bi-polar market of Target and Wal-Mart?
Sadly, Kmart is still struggling and doesn't seem to stand out as a great place to shop - Wal-marts are cheap and Targets are fun...What is Kmart other than the place my parents or maybe grandparents shop? Markets change, tastes change and companies must adopt or perish. Looks like Kmart should be on the endangered list.
Sears to buy up to 54 Kmart stores for $621M
http://www.usatoday.com/money/industries/retail/2004-06-30-kmart-sears_x.htm
Sadly, Kmart is still struggling and doesn't seem to stand out as a great place to shop - Wal-marts are cheap and Targets are fun...What is Kmart other than the place my parents or maybe grandparents shop? Markets change, tastes change and companies must adopt or perish. Looks like Kmart should be on the endangered list.
Sears to buy up to 54 Kmart stores for $621M
http://www.usatoday.com/money/industries/retail/2004-06-30-kmart-sears_x.htm
