OPPapers.com Essay Index >> Business >> Kmart : Where Is It Going?
We have many free term papers and essays on Kmart : Where Is It Going?. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
... Even if Kmart survives as a going concern, its likeliest existence will be as a
shrunken company limping along one step ahead of the shadow of Wal-Mart's ...
... For customers, the deal would be a win- win situation. “Imagine going into Kmart
and buying a Sears Craftsman toolset, or buying Kmart’s Martha Stewart ...
... Kmart has been going down hill for a period of time and with Wal-Mart and Target
being such hard competition Kmart would be able to improve their stores and ...
... Statements of Shareholders' Equity In the Abbreviated Statement of Shareholders'
Equity (Table 1), it is obvious that Kmart is going through Chapter 11 ...
... As noted in the case, management recognized the need to emphasize planning, since
it as a group was not going to grow with the Kmart format forever. ...
Submitted by Shyla Kannambadi on February 8, 2006
Category: Business
Words: 10314 | Pages: 42
Views: 604
Popularity Rank: 14,563
Average Member Grade: N/A (Add a Comment / Grade this Paper)
KMART CORP.
A SEASONED
PERFORMER
The venerable retailer's bid to recoup its fortunes includes a system that overhauls the management of highly profitable seasonal merchandise
BY MEGAN SANTOSUS
For retailers, the effective management of seasonal merchandise is a delicate proposition. The selling window is of limited duration and the goal is not to get caught with too much-or too little-inventory at the wrong point in the seasonal cycle.
Take Christmas items. If there were no tinsel or wrapping paper or spare tree lights on the shelves the week before Christmas, customers would head for the exits. But if, on Dec. 26, the shelves were still well-stocked with these items, that too would be egregious.
And, because of the shorter selling season, the profit margins are kept higher on seasonal items than on regular stock; so, when it comes to maximizing profits, the balancing act between supply and demand is all the more crucial.
If at first blush all that tinsel doesn't seem like such a big deal, it can definitely add up. For ESPRIT Award honoree Kmart Corp., holiday merchandise totals some $2 billion-and Kmart's Seasonal Merchandise Management System (SMMS) currently handles only a fraction of the seasonal goods Kmart sells. (The inaugural project was limited to holiday items; it was recently extended to include back-to-school merchandise, and there are plans for further expansion.)
The universe of seasonal retail merchandise is potentially quite broad and might include such items as snow blowers, lawn mowers, bathing suits and bags of peat moss. Kmart, however, declines to reveal the total percentage of revenues for which its seasonal inventory accounts.
According to David M. Carlson, Kmart's senior vice president of corporate information systems, managing seasonal inventory perfectly would mean "the last customer who wants a particular item will...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!