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Once one of the largest discount retailers, Kmart filed for the biggest Chapter 11 bankruptcy for discount retailing in the United States (2002). Struggling to find the right type of management has been one of Kmart's problems that ultimately helped lead the company to its downfall. Kmart is constantly changing CEO's, and thus focuses. Kmart has had four different CEO's since 2000, all with different management objectives.
Youdath illustrates some of Kmart's management changes, Charles Conway wanted to turn Kmart into an "Everyday low price destination," making Wal-Mart Stores a direct competitor...
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