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Kmart Chapter 11 Bankruptcy Essay

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Kmart Chapter 11 Bankruptcy Essay
The Kmart Corporation which is known for their blue light special, is also known for it’s collapsed corporation. In 2002 Kmart Corporation was the United States second largest discount retailer. Kmart was widely known for their "blue light specials" campaign which alerted customers of special deals located under designated blue light areas inside their stores. However, in January 22, 2002 Kmart Corps revealed the corporation had filed for chapter 11 bankruptcy protection. Suspected speculation seemed to be no big surprise of the Corporations financial rendering. Many Corporations can fail due to poor management and the inability to adapt into the ever changing market place. Kmart’s decent into bankruptcy evolved into a downward spiral
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