Sears on verge of fading away after closing more than 3,000 stores

[bucolic_frolic]

7. Was Kmart sandbagged with a goal in mind?

https://www.reddit.com/r/kmart/comments/1f4zgw9/my_opinion_on_the_demise_of_kmart/

I have often asked myself.. what went wrong? This question, for me, this question goes all the way back to the 2002 bankruptcy filing. I was happily employed at Kmart when that bankruptcy happened. I remember thinking it all started with Chuck Conaway, the CEO at the time, brining Mark Schwartz on board. That, in my opinion, is the point in time where Kmart began falling apart.

Schwartz had been a Walmart executive for 16 years when Conaway brought him on board. He immediately instituted those ridiculous price wobblers as part of the "Bluelight Always" program, and those things were a complete eyesore. The customers hated them. We hated them. They were always in the way, and would often fall off the peg hooks and shelves when stocking merchandise or even when customers were going through items. I found out later on that Walmart had previously had a program that utilized similar wobblers, and that was at a point when Schwartz was still with Walmart.
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https://www.carrcommunications.com/clips/kmart-published2001-12.pdf This is an ultimate in depth look at Kmart, 2001, when Conaway was appointed.

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Eddie Lampert was chairman and CEO of ESL Investments. It was HQ in Greenwich, CT.

Conaway was COO of CVS immediately before he joined Kmart. His home base was Woonsocket, RI.