Wednesday, July 29, 2009

Kmart is Coming Back to Town

This latest article in retailwire highlights how Kmart, even though down 2% in sales this quarter,
has outperformed rivals Target and Wal-Mart which are down by a higher number. One of the reasons why Kmart might be bouncing back through the recession is because it offers its customers a layaway program so they have an opportunity to save for gifts, and this program is not available at Target or Wal-Mart. Kmart is also working with hundreds of designers to run a print campaign in Vogue, Glamour, and Lucky. It will be interesting to see how the Target and Wal-Mart will react to Kmart's recent success.

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