Sears Holding Corp

Sears re decennarytion Corp. Kmart and Sears have been part of the retail industry of the States for the last two centuries, and as of November, 2004, they depart be go on due to their merger as Sears Holding Corp. This paper pull up stakes first look at the history of the two companies to inspect how they started and what each company set out to achieve. This section will also include why the two companies failed. Secondly, a rise analysis will be performed on the new-fangled company, Sears Holding Corp, to try to identify where it stands in the present. Finally, a hypothesis of how the new company is apparent to be accepted by consumers and whether it is likely to succeed will be discussed. Kmart History S.S. Kresge Co., the predecessor of Kmart, was founded in 1889 by Sebastian J Kresge, in Detroit Michigan. The small store, which sell everything for five and ten cents, was an instant success. By 1912 S.S. Kresge Co. had expanded to 85 stores with annual sales of more than $10 million. The 1920s saw a larger outgrowth in merchandise variety and prices, Kresges first steps to fair a push away store. This final leap to a discount store was made in the 1950s, when the company realized that they indispensable to make some changes in beau monde to remain competitive. In 1962 S.S. Kresge Co.

opened their first Kmart discount department store in a suburb of Detroit. During that said(prenominal) year seventeen separate Kmart stores opened. Realizing that discount stores were the wave of the future S.S. Kresge changed its name to Kmart in 1977. In 1987 Kmart sold its remaining Kresge stores (kmartcorp.com). During the years of 1984 to 1992 Kmart bought several businesses, including Builders Square in 1984, the Sports Authority in 1990, a 90-percent stake in OfficeMax in 1991, and Borders bookstores in 1992. However, in 1995 with a close brush with bankruptcy, Kmart sold those businesses in which they had just invested and refocused its efforts back on the discount stores. During that same year Kmart... If you want to get a full essay, order it on our website: Orderessay

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