Mmpbl/500 Kmart Research Paper

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Kmart Research Paper University of Phoenix MMPBL/500 October 24, 2009 Kmart was founded in 1899 by Sebastian Kresge in downtown Detriot. At the time it was founded it was named S.S. Kresge Co. It had been new the scene of discount stores. Kmart soon went through the Great Depression and straight into the 20th century being one of the most successful retail chains. Kresge was running a nickel and dime operation that was keeping Kmart in business because other discount stores were not being managed. That was until 1962 when Wal-Mart and Target were soon founded. Kresge later changed to Kmart in 1977. Kmart was later faced with filing Chapter 11 bankruptcy in January of 2002 because of its failing sales. More than 600 stores

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