In October 2018, Kmart’s parent company, Sears Holdings, filed for bankruptcy. Kmart first filed for bankruptcy in 2002, making this its second time in just 16 years. However, the struggling company used to be the biggest discount retailer of homegoods in the U.S. — even bigger than Target and Walmart.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC
How Kmart Went From Beating Walmart And Target To Bankruptcy