That just gets my juices flowin'. I called on Kmart during my previous life, and a large part of that was during their bankruptcy.
I just gotta say this.....Good For You Kmart!! Way to bounce back.
This is actually pretty huge.
I've always been interested in these partnerships. You've got Wal-Mart and Sam's. (of course they are joined at the hip.) You'll probably notice how the newer clubs and Supercenters are right next to each other. I was surprised to learn that the majority of shoppers go from Sam's to WM's or WM's to Sam's. I never do, but the data says otherwise. Same type of shopper, same demographics.
Target is to Costco what WM is to Sam's. (Even though Target is owned by Dayton Hudson aka Marshall Field's) Same demographics. Both Target and Costco have similar styles and philosophies. They are more about the BEST PRODUCT for the money rather than just cheap prices. You may notice that newer Target Supercenters are located close to Costcos. Nothing official there, just something I've noticed as a trend over the past few years.
Now we got Sears and Kmart. Both struggling to reestablish themselves and take a piece of that pie. If they combine the best of both teams (on the corporate level) this may be the right move. If they continue down the paths they've been on, well....let's just say that's a mighty big ship to watch sink.
I'm going to have to make a couple calls on this one. Yeah, I'll be keeping my eyes on what happens.
Hat Tip: Accidental Verbosity
Posted by Tammi at November 17, 2004 07:55 PMJust don't let them screw with my Craftsmen tools!
Posted by: Ogre at November 18, 2004 08:38 AMI just hope they don't end up combining Kmart's quality with Sears's inconvenient locations :-)
Posted by: Harvey at November 18, 2004 10:44 AMAnd of course Detroit is getting screwed with this one.
Kmart headquarters are in the Detroit Area, they will be closing it down and moving all those jobs to Sears HQ in Chicago. There goes another couple hundred jobs in the Detroit Area.
I do have to say before Sear's make-over I refused to buy clothes from them (FUGLY), but now I get stuff from them, they are not too bad.
Posted by: Machelle at November 18, 2004 12:52 PMIt was just a matter of time regarding the HQ being in Detroit. A few years ago, they moved the food and beverage offices to Dallas and the rumor was the rest of the Corp. jobs would move down there also. It didn't happen, in fact from what I understand after the bankruptcy and the split with Fleming they moved many of the offices back to Detroit anyway (not sure on that, it was the plan when I left Tropicana).
In the interest of cost savings it does make sense. I hate it for Detroit, and it won't really do Chicago any good, as the well paying jobs will probably be transfers anyway.
Posted by: Tammi at November 18, 2004 12:57 PMI'll make an effort here to keep my passions hidden, and address this matter in an adult, sophisticated way.
KMART SUCKS! SEARS DOES TOO! LET THE TWO CORPORATE RATS DROWN TOGETHER, IT WILL BE THAT MUCH FASTER!
*taking deep breaths* Uh... what were we talking about?
Posted by: Jeff at November 18, 2004 02:47 PM