K-Mart Corporation Essay by chief

K-Mart Corporation
The paper gives background information on the K-mart corporation, showing how its diversification into specialty retailing brought the company close to bankruptcy.
# 25117 | 1,403 words | 4 sources | MLA | 2002 | US
Published on Apr 25, 2003 in Business (Companies) , Business (Management) , Business (Marketing) , Business (Consumer Behavior)


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Description:

The paper looks closely at the corporation of K-Mart, the #3 retailer in the United States. The writer shows how K-Mart became profitable, then in an effort to revitalize a mature market under increasing competition, diversified and made moves away from profitability, ultimately to move back to its more simplified stature in recent years.

From the Paper:

"March 30, 2000, MSN Money Central Investor released an alert that the company's P/E ratio was at least 25% below the average for its industry, but on March 28, 2000, Duff & Phelps Rating Company reaffirmed its ratings for debentures, medium-term notes, bank credit facility and lease certificates at BB+ and trust convertible preferred securities at BB; at the same time revising its rating outlook upward from Stable to Positive. The rating company affirmation reflects their assessment of the safety of the debt, in Kmart's case, $2.8 billion."

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