Here's how Kmart went from beating Target and Walmart to twice-bankrupt in forty years
6:49
CNBCKarin Shedd,Lauren Hirsch,Kyle Walsh
Here's how Kmart went from beating Target and Walmart to twice-bankrupt in forty years
In October 2018, Kmart's parent company, Sears Holdings, filed for bankruptcy. Kmart first filed for bankruptcy in 2002, making this its second time in just 16 years. However, the struggling company used to be the biggest discount retailer of homegoods in the U.S. — even bigger than Target and Walmart.
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