Kmart

Kmart Corporation (simply known as Kmart and stylized as kmart) is an American big box department store chain headquartered in Hoffman Estates, Illinois, United States. The company was incorporated in 1888 as S. S. Kresge Corporation and renamed to Kmart Corporation in 1977. The first store with the Kmart name opened in 1962. At its peak in 2000, Kmart operated 2,171 stores including 105 Super Kmart Center locations. The chain’s management purchased Sears for $11 billion in 2004, forming a new corporation under the name Sears Holdings Corporation; Kmart was transferred to the new Sears Holdings Corporation. For the 2005 fiscal year under the new company, the Kmart store count was at 1,416 with only 55 Super Kmart Center locations.

Why It's Failing

 * 1) Kmart never bothered to upgrade its stores.
 * 2) Its management.
 * 3) Most of the furnitures, floors, and ceiling are dirty and moldy.
 * 4) Most of the soda are misplaced at the dairy-products cooler.
 * 5) Most of the clothes, foods, etc. are thrown everywhere.
 * 6) They have many lawsuits.