What went wrong with Kmart? : an honors thesis (HONRS 499)

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Authors
Matyk, Jacqueline M.
Advisor
Myring, Mark J.
Issue Date
2003
Keyword
Degree
Thesis (B.?.)
Department
Honors College
Other Identifiers
Abstract

This paper provides an in depth look at Kmart Corporation. I will discuss how the company began its operations as a small five and dime store in Michigan and grew into one of the nation's largest retailers. Kmart is a store that strives to meet its customers' expectations of low prices and good quality merchandise. I will talk about how Kmart achieves this and how well it is working.Kmart has encountered many problems in the past few years. I will talk about the problems that led to the 2002 declaration of bankruptcy as well as how the company was able to emerge out of bankruptcy. A stewardship review was conducted to find any wrongdoings that were going on inside Kmart. The review revealed many surprising items and each of them are discussed in great detail. Kmart has undergone many changes in its management due to corrupt practices by previous management. These practices will be discussed in detail. Also, two former executives have been formally charged with fraud and detail will be given about these charges.