Monday, September 12, 2016

Bankruptcy again for Kmart?

Kmart, the Detroit-born retail chain that helped define the big box discount store trend in the 20th Century, is now struggling to make it through even one more year.

Battered by competitors such as Walmart, Meijer and Amazon.com, Kmart's parent company, Sears Holdings,  is facing plunging sales, deteriorating finances and according to some retail industry experts, the possibility of bankruptcy as early as 2017.. . . more

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