Word: kmart
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Dates: during 2000-2009
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...could really go after a competitor." Now the company no longer shows comparison-shopping baskets to demonstrate that Wal-Mart has lower prices than competitors. "It just looks like we're picking on people," he says. Nevertheless, Wal-Mart is still pummeling the competition. Over the past two years, Kmart filed for bankruptcy, and Ames and Bradlees, once U.S. powerhouses, closed up shop. Wal-Mart is quickly adding scalps in the grocery industry too. Wal-Mart's next competitive weapon is advanced data mining, which it will use to forecast, replenish and merchandise on a micro scale, so that even...
...Kmart proved that point Friday when it instigated - on the slight evidence of a Watkins-style letter from a downsized employee complaining of funny accounting at the now-bankrupt retailer - an internal investigation into its own books (by an outside auditor) and even forwarded the letter to the SEC. House members scared of their own coffers have forced campaign finance reform back onto the agenda. And Wall Street investors are suddenly very interested in old-fashioned notions like "cash flow" and "core business...
...Wednesday, analysts downgraded AOL Time Warner (parent company of this writer), actually slapped a "sell" - and a bankruptcy warning - on Kmart, and even pooh-poohed sole Internet survive-and-thriver eBay, just weeks before what everybody expects to be one depressing Q4 earnings announcements. And it's not just the rear-view - few expect the corporate-earnings recession to reverse itself with much drama. The 2002 graph should be slanted up - it'd be hard to slant down after the last year and half - but it looks like it'll be a pretty gentle grade...
...Mammoth discounter Wal-Mart looks to be the big winner so far in a dismal Christmas season for retailers, happily reporting Wednesday that its holiday sales for the period between Thanksgiving and Christmas Eve came in above company expectations of a 4-6 percent year-over-year increase. Rival Kmart, meanwhile, said its sales from Nov. 22 to Dec. 23 came in at the low end of expectations, but picked up considerably in the last few shopping days before Christmas, with winter apparel - thanks to some cold days - finally getting off the ground. And the ultimate in lazy...
After holding off selling firearms on Tuesday, Kmart Corp. resumed sales the Wednesday, so Americans could get their rifles after about