More than a decade ago, Kmart was Wal-Mart's biggest rival.
But today the Sears-owned chain is in a tailspin, plagued by negative sales and disinterested customers. Last year, the company closed 100 stores after a disastrous holiday season.
Brian Sozzi at Belus Capital Advisors visited several Kmart locations and took photos that illustrate how grim it is at the retailer.
"The research and photos presented below show that Kmart, believe it or not, may be in worse fundamental shape than Sears!" Sozzi writes. "By fundamental I mean dreadful to visit, borderline unsafe stores that are sending the division’s financials down a path of no return."
Photos with captions:
http://finance.yahoo.com/news/22-depressing-photos-show-kmart-114018302.html
But today the Sears-owned chain is in a tailspin, plagued by negative sales and disinterested customers. Last year, the company closed 100 stores after a disastrous holiday season.
Brian Sozzi at Belus Capital Advisors visited several Kmart locations and took photos that illustrate how grim it is at the retailer.
"The research and photos presented below show that Kmart, believe it or not, may be in worse fundamental shape than Sears!" Sozzi writes. "By fundamental I mean dreadful to visit, borderline unsafe stores that are sending the division’s financials down a path of no return."
Photos with captions:
http://finance.yahoo.com/news/22-depressing-photos-show-kmart-114018302.html
