How Kmart destroyed itself
1:25
YouTubeMichael Girdley
How Kmart destroyed itself
During the 1980s and 1990s, Kmart went on a buying spree, acquiring bookstores, office supply chains, sporting goods retailers, and even international businesses. Management believed diversification would drive growth, but every dollar spent on acquisitions was a dollar not spent improving Kmart's core business. While Kmart chased new ventures ...
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