Online shopping and Walmart killed it. Kmart couldn't adapt to the digital world.
Couldn't or perhaps wouldn't. Maybe the guys at the tops were just sucking it dry and riding it out with low effort.
It's difficult to create a successful online shopping platform or develop a deep supply chain like Walmart's. That requires effort and skill and captial (regardless of what anti-capitalists will tell you). Those running Kmart lacked on all fronts.
(post is archived)