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

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Kmart felt like a time machine as soon as you stepped inside you were transported to the late 80s early 90s, it was so outdated.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

Author

Most Walmart’s stores have a McDonald’s.
Most Target stores have a Starbucks.
Most Kmart stores have nothing.

Author — I love bacon

Author

it all started because you wanted a toaster...

Author — mylestic lol

Author

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

Author

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

Author — WuzNab

Author

I feel bad for Kmart. I feel bad for every store that closes down 😞

Author — Ghina

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wtf, in Australia, if you need a snack at 5 in the morning, kmart has your back, kmart is like walmart, but cheaper

Author — musicalpanda10

Author

The only Kmart near me has had a clearance and a closing sign for the past 5 years

Author — SkRT

Author

The KMart where I live in just closed a few months ago, getting replaced into 3 stores.
It was a huge Kmart anyways,
But the fact that the store smelled like the sewers, made me not like the store

Author — lol_eddypogi

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They never had enough registers open and stores always seemed dirty

Author — achance007

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I worked at Kmart in high school the day a Walmart opened in our city. It went from being busy af to a ghost town, literally overnight.

Author — Vincent Vega

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Eddie Lampert should be in jail for what he's done to Sears.

Author — Chris L

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The United States of America will speedily become the Kmart of the globe if our government doesn't get it's act together.

Author — No Affiliation

Author

I prefer target because it not crowded not like Walmart where everybody block the aisle

Author — Loudmanv8

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There used to be a Kmart in the shopping center near me.
Then they replaced it with a Target.

Author — RetardNation

Author

Both KMart and Sears were victims of terrible upper management. They treated their employees like crap, couldn't hold talented non-executive employees, and it showed in their stores.
Their employees stopped caring, because the top guys didn't care about them. Executives and CEO's should never lose sight of the fact that ultimately, it's all the little guys that are making them their money. A business will thrive if they get us little guys on their side.
I ended up hating going to these stores in the end, staff seemed miserable, managers would argue with you, and everyone seemed completely disengaged.
At Sears they cut staff from departments and put all the registers in the front. I would wander around desperately looking for someone to help me.
So sad, I loved those stores.

Author — Shiba Lover

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I never knew Kmart was in America because it’s so big In Australia

Author — ICEY DICEY

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Here in Australia KMart is awesome! It is the store you go to for so much cheap stuff.

Author — Michael Calafiore

Author

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