Kmart

A detailed Summary of Kmart


Kmart was formed in the late 1950's to challenge new forms of discount stores. They are a descendant of an organization Sebastian S. Kresge. The average Kmart store is around 100,000 square feet. In 1987 Kmart was the largest discount retailer in the United States. They currently have 2,223 stores and last year they had over $25 billion in sales which is nearly double that of Wal-Mart. In 1991 they opened their Kmart superstores. The superstore is a 150,000 square feet and is expected to gross $40 to $50 million dollars in revenues. It will also remain open 24 hours a day.

One symptom is that Wal-Mart has lower prices than Kmart which makes them very hard to compete wit



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Approximate Word count = 489
Approximate Pages = 2 (250 words per page double spaced)

Category: Miscellaneous

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