KMART bought the Sears Chain in 2004.
Kmart, Sears to merge in $11B deal - Nov. 17, 2004
KMART was already struggling with trying to keep up with Target and Walmart and has been unable to maintain market share. WALMARTS cheap china imports along with TARGETS imports and volume have crushed KMARTS ability to compete.
When they bought Sears, they thought it would add a better blend of merchandise to the KMART branding, but it hasnt.
At the end of the day, the MULTITUDES of walmarts in each city has been the death of the local Kmart and Sears stores.
In a typical city, like mine, there are 7 walmart supercenters and ONE Sears and ONE KMART. How can they possibly compete on those terms?
Maybe now people will understand how ONE chain can put other businesses in the graveyard.
Dont complain, its capitalism at work. Blame BUSH.
Peace.