Kmart, once a powerful player in the retail industry of the United States was forced to declare bankruptcy when the slow down in the economy made it absolutely impossible for the corporation to bring an end to its numerous woes. This paper focuses on the old and new strategies of KMART Corporation and also highlights key problem areas in its business plan. The paper makes appropriate recommendations in this connection and shows what alternative strategies can speed up Kmart's recovery. 8 pgs, bibliography lists 1 source.
