Kmarts death.docVIP

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Kmarts death

 PAGE \* MERGEFORMAT 8 Kmart’s death Kmart  Kmart  a name for itself outside the United States did not utter the least sound, to the Chinese readers of this company is only one of the most easy way: it is the modern originator of the supermarket-based retail business. Kmart’s in the retail industry, as Ford in the automotive industry. Integrated retail enterprise was once the industry standard created by Kmart. The world’s largest supermarket chain, the world’s largest retailer, the world’s first use of a modern supermarket collection systems, these are K-Mart to be proud of, but these phrases should be combined in three words - ‘ used to be ‘. Americans have never thought that one day will be around the community is not a Kmart. But someday, maybe, ‘Kmart’ these letters will always stay in the 20th century. Retail history, the largest bankruptcy case in a Kmart filed for bankruptcy to force the fuse is its food suppliers Fleming’s (Fleming Companies) decided to suspend its supply, because Kmart did not settle the purchase price over the past week. In 1999, Kmart and supermarkets suppliers Fleming Company signed a contract worth 4.5 billion U.S. dollars, specify the latter Kmart’s sole food suppliers. The contract for Fleming is simply lots of other good companies: First, the Fleming post from 1 / 4 have a stable source of income; secondly, Kmart and Fleming knot once every 7 days account, which is far faster than the normal 30-day checkout Fleming speed, but also faster than the K-Mart and other suppliers of the checkout period. But for Kmart, this is as good as on a time bomb, as long as Kmart time could not pay cash, the subject of a huge sum of non-compliance with the responsibility of the contract it can be push them bankrupt. After the Christmas and New Year holidays, Kmart pile of books already played a 1.5 billion U.S. dollars in accounts payable, so that any person required cash payment made to it will be a great embarrassment. Retail consul

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