Buy custom Kmart : Where is it going?
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| Topic: |
Business
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| Number of pages / Number of words: |
37 / 10343 |
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Earnings at the $34 billion-a-year discount department store chain have been plunging lately. The company recently announced a restructuring effort that calls for closing 110 stores and eliminating 6,000 jobs. But many retail analysts contend that shedding unprofitable stores alone will not cure all of the company's ills...
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If Kmart hopes to regain healthy earnings, it must reduce overhead in existing stores and further exploit the strategic use of information technology, according to Seth Kranz, a management consultant with CSC in Newton, Mass.
SMMS is a step in the right direction. By providing buyers and planners at headquarters with daily sales and inventory data, the system has transformed the way Kmart manages the seasonal goods in 2,350 stores in the United States...
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