Free Bag of Potato Chips (TARGET B&M)

XFreebie

Banned
Dec 12, 2000
1,414
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requires $20 purchase. and for Target to sell groceries in the "Super Target" format means they will be heading the same direction as "Super Kmart".... thats what brought them to bankruptcy.
 

jonnashville

Senior member
Sep 22, 2001
378
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That may have been part of KMart's problem. However, it's not the whole story.

In a nutshell:

Old, outdated stores, poorer locations
Spending 12 to 15% of revenues on sale flyers (Walmart spends around 2%), leaving almost nothing for other advertising, PR or promotions
Supplying stores with advertised items (very costly)
Not finding their identity or niche in the new competitive marketplace (Walmart is for the everyday value shopper with falling prices; Target is considered more upscale but still with good prices)
Going almost cold turkey on their flyers in mid-2001, which killed the bulk of their sales, as they were driven by the flyer madness.

They stumbled in the early 80's due to poor management. Walmart and Target won, they lost.

By the way, KMart died in Canada in the mid 90's for most of the same reasons. Seems like KMart USA management were too dumb and didn't see the writing on the wall, or simply, it was too late.
 

tm37

Lifer
Jan 24, 2001
12,436
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<< requires $20 purchase. and for Target to sell groceries in the "Super Target" format means they will be heading the same direction as "Super Kmart".... thats what brought them to bankruptcy. >>



Accually the super WALMARTS are some of the most PROFITIble Stores. We drive 15 miles to do our Big Shopping there and it rocks! Kmart couldn't compete with Walmart and target(both Well Run COmpanyies)

If these types of stores wouldn't work WHY did the Big Supermarkets TRY to push through Legislation to PREVENT LARGE FOOD STORES! Because while Super Walart and Super Target arn't going to kill Hy VEE, Vons luck'y albertson anytime, they do make a dent in their profits!
 

stlblew

Member
May 25, 2001
41
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KMart also buys poor quality, ugly clothing. There are rarely people shopping in the clothing areas unlike at Walmart. Fire the Buyers!!
 

Gilby

Senior member
May 12, 2001
753
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Kmart occasionally has the decent item of clothing.

What really killed it was the cut in flyers mixed with trying to match WalMart in price. Killed their profits.

That, and they didn't get going with the SuperKmart stores. SuperTarget will do fine, though, as Target has its niche well established. Hell, Target will soon add Martha Stewart for an even bigger boost.