Posted by oldtanker on January 13, 2016 at 07:43:58 from (64.118.3.19):
In Reply to: K -Mart posted by Geo-TH,In on January 13, 2016 at 04:21:56:
About 12-15 years ago K-marts business model was to be the convenience store of the box store world. They had already earned a reputation for cheap junk and teens were calling it "came-apart". So when they were really loosing a lot of sales to Wal Mart they went with saturation. A K-mart on every corner thinking that the convenience of getting to a K-mart would make people shop there. That business model did nothing for sales but did hit the bottom line hard.
On line sales have hurt brick and mortar stores hard. But I have to agree. Malls are not going to go away. Wal Mart has on-line sales now too.
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