world‚ as globalization keeps expanding and corporations continue to grow nonstop‚ the terrain in which business is conducted faces new and constant changes each day. This instability surrounding commerce has in turn created an environment in which if a business does not have enough resources and corporate power‚ it will fail to compete against other companies. Thus‚ it is not a surprise that hundreds of businesses close down each year due to other corporations taking over the market. So what can companies
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Strengths The company Sears belongs to the parent company‚ Sears Holdings Corporation who is also the parent company of Kmart Holding Corporation and Roebuck and Co. The company was founded in 1886‚ making it one of the oldest retail companies to exist. The locations Sears operates are in the United States as well as parts of Canada and Mexico. As stated in the 10-K form by sec.gov: “Full-line Stores—894 broad line stores‚ of which 842 are full-line stores located across all 50 states and Puerto
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Company Announces‚” 2002). Sears is the fourth largest retail store in the nation worth over 50 billion dollars with approximately 3‚ 800 retail stores in the United States. Sears is a sales leader for tools‚ home and gardens‚ home electronics‚ and automotive repair. The company has exclusive rights to brands‚ such as Kenmore‚ Craftsman‚ and Jaclyn Smith line of clothing in addition to other commodities (Sears Holdings Corporation‚ 2007). The merger between Kmart and Sears was finalized on March 24
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i. About sears outlet Sears hometown and outlet stores were founded in 1952 as a joint business venture by Simpsons and Sears‚ its headquarters are located in 290 Yonge Street (Toronto Eaton Centre) Toronto‚ Ontario‚ Canada. Sears outlet is a retailer that deals with sales of home appliances‚ garden equipment‚ apparel‚ mattresses‚ sporting tools and goods‚ and tools. Sears outlet store has four secondary store formats: they include the sears hometown‚ sears outlet‚ sears hardware‚ sears appliance
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Kmart and Sears: Still Stuck In The Middle? On January 22‚ 2002‚ Kmart Corporation became the largest retailer in U.S. history to seek bankruptcy protection. Kmart management said that they would outline a plan for repaying Kmart’s creditors‚ reducing its size‚ and restructuring its business so that it could leave court protection as a viable competitor in discount mass-marketretailing. Emerging from bankruptcy in May 2003‚ Kmart still lacked a business strategy to succeed in an extremely competitive
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Pirtskhelava Tamar Bichiashvili Anna Martiashvili Nino Makatsaria Natia Pachikashvili Mikheil Abashidze Case #3: Kmart and Sears: still stuck in the middle? Kmart Company History Kmart had been established in 1962 by its parent company S.S. Kresge as a discount department store offering the most variety of goods at the lowest prices. Un- like Sears‚ the company chose not to locate in large shopping malls but to establish its discount stores in highly visible corner locations. During
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In 2002 Kmart filed for Chapter 11 Bankruptcy which was the biggest retail bankruptcy in US history. By 2003 Kmart was able to emerge from bankruptcy and in 2005 they began selling off their stores to The Home Depot and Sears. The Home Depot bought more than 18 stores and Sears bought 45 for about $524 million. In that same
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A strength of Sears is their brand. It has been around for a while and still has loyal customers that people trust and believe in. Another strength is they have many stores in many locations. Sears has many weaknesses. They aren’t getting customers into their stores due to e-commerce. According to an IBIS World report‚ “Sears Holdings Corporation‚ for example‚ has operated at a loss throughout the entire five-year period‚ and several reports describe the company as at risk of declaring bankruptcy
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On November 17th‚ 2004 Kmart and Sears publicly announced the impending merger of the two struggling companies to become Sears Holding Corporation. Kmart‚ for 11.5 billion dollars would be the buyer‚ however due to strong brand name recognition and history‚ Sears would be the face of the new conglomerate. At the heart of this merger was Edward Lampert‚ an extremely successful hedge fund manager who had made a name for himself by‚ purchasing companies in the red and making them profitable once again
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Kmart Corporation Calandra Kimbrough BUS 692 Strategies in Human Resource Management Dr. Lao January 21‚ 2013 Kmart is an American chain of discount stores headquartered in the United States. The chain purchased Sears in 2005‚ forming a new corporation under the name Sears Holdings Corporation. Increasing productivity is one of the most critical goals in organizations such as Kmart. In this paper I will be assessing the technology requirements relevant to employee productivity‚ staffing systems
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