Retail News

Overspending Led to Kmart Catastrophe

Detroit Free Press 08/24/2005

Kmart’s former COO, Mark Schwartz’s, decision to order $850 million in Christmas inventory without approval was just one of the misteps in the retailer’s eventual filing for Chapter 11 bankruptcy protection back in 2002.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!