Once A Retail Giant, Kmart Down To 3 Stores After New Jersey Closing

Once A Retail Giant, Kmart Down To 3 Stores After New Jersey Closing

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Interactive Video

Business, Architecture

University

Hard

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Kmart, once a retail powerhouse, is closing most of its stores, leaving only three remaining. Founded in 1899, Kmart expanded significantly but faced a decline due to changing shopping habits and competition from Walmart and Target. Management decisions also contributed to its downfall, leading to bankruptcy. Experts predict the remaining stores will close soon.

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OPEN ENDED QUESTION

3 mins • 1 pt

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