Uncensored2008
Libertarian Radical
To date, K-Mart demise is tied directly to the expansion of Walmart.
What did Walmart do to cause the demise of K-Mart?
1. Walmart placed it's stores in higher income areas away from cities. most K-Mart stores were located in in close suburbs or in urban areas where income levels of local residents were lower.
2. Walmart cut distributors out of the buying process then went directly to the manufacturers to purchase products. K-Mart was still using distributors to acquire stock for it's stores which adds to the cost of goods.
3. Walmart stores for the most part are cleaner, have wider aisles and are in NEW buildings. K-mart stores were located in older existing buildings that required up fits and repairs.
4 Walmart dropped private brands and transitioned to national brand merchandise.
Yep.
Sam Walton virtually invented supply chain management, and no one does it better than Walmart.