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
| 
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."Cite this Essay:
APA Format
K-Mart Corporation (2003, April 25)
Retrieved September 28, 2023, from https://www.academon.com/essay/k-mart-corporation-25117/
MLA Format
"K-Mart Corporation" 25 April 2003.
Web. 28 September. 2023. <https://www.academon.com/essay/k-mart-corporation-25117/>