How Kmart Went From Beating Walmart And Target To Bankruptcy

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How Kmart Went From Beating Walmart And Target To Bankruptcy 5
In October 2018, Kmart's parent company, Sears Holdings, filed for bankruptcy. Kmart first filed for bankruptcy in 2002, making this its second time in just 16 years. However, the struggling company used to be the biggest discount retailer of homegoods in the U.S. — even bigger than Target and Walmart.

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How Kmart Went From Beating Walmart And Target To Bankruptcy

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💬 Comments on the video
Author

Kmart survived the Great Depression and two World Wars, but wasn't able to survive their own lack of innovation.

Author — Alpha Jay 3.0

Author

Rip radio shack, k mart, Sears, block buster, and toys r us.
Maybe rite aid.

Author — WuzNab

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Okay, in Australia Kmart is our GO-TO store. We have no Walmart and target is WAAAAY to expensive. Kmart is nearly everyone's favourite store...

Author — Isla Giron

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Why am I watching this I don't even live in america lol

Author — Subscribe to PewDiePie

Author

I have a Target, Kmart and Walmart in my area by each other. The Kmart in my area is actually doing good, I would go to that Kmart because the Walmart I have has terrible grocery selections, Kmart has a nice grocery selection in my area. They also have appliances that Walmart doesn't have.

Author — mrbobbilly

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Kmart is *VERY* popular here in New Zealand. And there sales are poppin

Author — Kallys Awesome

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Kmart just digged itself into bankruptcy because of the lack of innovation and dirty stores, high prices and they just never evolved with the time! If they really liquidate all their stores I’ll be torn since Kmart was the store my parents always took me as a child, now I just do my shopping at Target or Amazon.. Kmart, you’ll be missed! Thanks for those 90s memories ❤️

Author — Danny Fenty

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It's hard to believe there's still Kmart stores hanging around in 2019. I worked at a Kmart store in 2007, and it was by far the most depressing job I've ever had. We've had shelves that were literally empty. Packages all over the store. It's like you go to Kmart just to feel depressed.

Author — Brian Cheng

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My local Kmart felt like a time machine as soon as you stepped inside you were transported to the late 80s early 90s, it was so outdated.
LOL.

Author — Who Cares?

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They never had enough registers open and stores always seemed dirty

Author — achance007

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I supported my KMART till the very end.... goodnight sweet prince.

Author — TOUGH MAN RANDY SAVAGE

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it all started because you wanted a toaster...

Author — mylestic lol

Author

I actually am currently working at a Kmart in my small-ish town. The closest Walmart and Targets to us are 20 minutes away, so I think our Kmart is going to be here for awhile.

Author — Sara Heap

Author

So..
1. Poor company management
2. Unattractive stores
3. Failure to adapt in a changing economy.

Author — Erica Rice

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My patronage to KMart ended in about 1997 or so. I stood in a check-out line and two shoppers in line in front of me proclaimed that their puschase items were on sale in a newspaper flyer even though they weren't marked as such in the store. So the cashier pulled out a KMart flyer she had under her cash register and started leafing through the items on sale. It took me 20 minutes to get through a line with 3 shoppers in line. This same scenario happened again about a month later. I told the cashier that it was not her fault, but I was never coming back to KMart. And I never did.

Author — Tim Jansen

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Eddie Lampert is the reason for their failure

Author — M&N Distribution

Author

In Australia Kmart is better than target and many other stores

Author — Sky Beauty Young

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They didn’t innovate, the stores looked old and outdated in the early 2000s, while target kept refreshing the stores with new items and a fresh look.

Author — chris corona

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Found memories my family use to shop there growing up as a kid. ✌🏻️😻

Author — Mr Wisdom

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Kmart in Australia is amazing!
It’s like a Aussie Walmart but better!

Author — Sky Beauty Young