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Kmart Inc. Introduction: One of the oldest, low priced, retail industries in America is Kmart. Kmart is known for its low prices, in store pharmacies, blue light specials, and Martha Stewart Collection. Nevertheless, over the past couple of years Kmart has come on to some hard times. Stock prices have plummeted, net sales have become negative, stores have been shut down and thousands of employees have been laid off. To make matters even worse, early this year Kmart was endanger of filing for chapter 11 bankruptcy. But throughout the storm Kmart has found light and will fights to prevail with plans of reconstruction, new business strategies, and marketing changes. Kmart is slowing recovering and hopefully they will eventually win the fight against their biggest rival Wal-Mart. History of Kmart In 1899 Sebastian Kresge founded S.S. Krege Co. in Detroit, Michigan which later became Kmart. Between the m