Search results
Results From The WOW.Com Content Network
Struggling to compete with Walmart’s low prices and Target’s trendier offerings, Kmart filed for Chapter 11 bankruptcy protection in early 2002 – becoming the largest U.S. retailer to take...
We analyze Kmart’s business model by looking at 30 years of data (from 1971 the year of Walmart’s Initial Public Offering IPO to 2002 the year that Kmart filed for bankruptcy) searching for cues that help us understand why this company collapsed.
In 2002, Kmart declared bankruptcy after struggling to keep up with its competition. While the retailer did shutter some stores, it emerged from the proceedings ready for another round.
Kmart's bankruptcy filing, with $17 billion in assets, is the biggest ever for a U.S. retailer, according to Bankruptcydata.com. Federated Department Stores Inc. (FD: up $0.52 to $41.03, Research,...
Warren — It was one of the most innovative retail chains of the last century, but Michigan-born Kmart's future is anything but certain as its parent emerges from Chapter 11 bankruptcy. Kmart...
Struggling to compete with Walmart’s low prices and Target’s trendier offerings, Kmart filed for Chapter 11 bankruptcy protection in early 2002 — becoming the largest U.S. retailer to take...
Kmart shoppers may have been surprised at the decision by the 40-year-old discount chain to file for bankruptcy-court protection on January 22. But the company’s decline was anything but sudden and its future is anything but certain, say three members of Wharton’s marketing department.
Sears Holdings, Kmart's parent company, filed for Chapter 11 bankruptcy protection on October 15. The company says it will close 142 stores before the end of the year, and its CEO, Eddie...
In filings with the United States Bankruptcy Court in the Northern District of Illinois, in Chicago, Kmart listed $16.29 billion in assets and $10.35 billion in debt.
In filing its Chapter 11 petition Tuesday, the nation’s third-largest retailer said that it intended to reorganize on a “fast-track basis and has targeted emergence from Chapter 11 in 2003.”...