Big Box Store Fail! The Real Reasons Why KMart Went From Beating Walmart And Target To Bankruptcy
In October 2018, Kmart’s parent company, Sears Holdings, filed for bankruptcy. Kmart first filed for bankruptcy in 2002, making this its second time in just 16 years. However, the struggling company used to be the biggest discount retailer of homegoods in the U.S. — even bigger than Target and Walmart.