Kmart, Falling on hard times.

Date Submitted: 03/07/2002 07:49:42
Category: / Business & Economy
Length: 1 pages (397 words)
Kmart, one of many discount chains had filed for bankruptcy. They have been known for their great value and convenience. With fierce competition form rivals such as Wal-Mart and Target, Kmart has seen its market share plummet. Wal-Marts and Targets are starting to grow larger and larger offering even more value and convenience that Kmart is unable to keep up and has suffered. They have relied on consistency and their operations to succeed in the …
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…that. They have to figure out whom they are really tiring to appeal to. They are tiring to restructure their management hoping that a better organized and more though out plan will help them out of bankruptcy. They need a new operations management plan to compete with the likes of Target and Wal-Mart. Both these rival have based their campaigns on that of Kmart's, but have gone the extra mile as in service and selection.
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