Even though Kmart has emerged from bankruptcy, the truth is that the company has made a number of bad decisions throughout its forty-year historysome seemed like good decisions at the time, while others were obviously off base. But what really hurt Kmart is the fact that most of these decisions were made by rogue managers who shirked their duty to shareholders and company.
Kmarts Ten Deadly Sins spins an intriguing tale of the missteps and miscalculations of a retail giant which once had the industry in the palm of its hand, and foolishly let it all slip away. Interviews with financial analysts, former employees, and industry observers, coupled with in-depth research of SEC filings, news reports, and background data, paints a clear picture of exactly how Kmart managements thinking emerged as well as what went on behind the scenesand why.
Weaving corporate history with financial analysis and expert commentary, this engaging book identifies and examines the ten management mistakes, which ultimately brought Kmart to its knees.
Youll learn how a combination of . . .
. . . eventually ended Kmarts retail reign.
Kmarts Ten Deadly Sins digs deep to uncover the real reason behind Kmarts undoing, and will leave you with a better sense of the potential for its future. Can Kmarts management sins be forgiven? Maybe, but only time will tell.
It could very well be recommended reading for a business school course.
The Author should have taken a lesson from the title of her own last chapter ('Repeating the Same Mistakes'); there is way too much repitition in the content.
Each one of these problems is detailed in clarity with great examples and a wide range of both business and academic sources to supplement Turner's analysis.
I worked in retail for many years so the info in this book is interesting to read but dated.
I missed the part where this book was published in 2003 when I ordered, so the... Read more
As a business student and self-described retail afficianado, I love books about the history of major retailers, and so of course, when I came across this book at my local library,... Read morePublished on June 21, 2010 by gegj0004
Learning from others' mistakes can be an important source of wisdom. However, this is difficult to accomplish if the information source lacks clear structure and conclusions - aka... Read morePublished on October 14, 2009 by Loyd E. Eskildson
K-Mart's rapid descent into a near corporate oblivion has been well captured by Turner in this excellent piece of business analysis. Read morePublished on September 16, 2009 by Lehigh History Student
I shold have guessed from the title that this book would be totally one sided...but I didn't follow my gut. Read morePublished on August 24, 2008 by J. Leith
If you're into retail marketing in any capacity, you owe it to yourself to read this book. At least twice. It's that good. Read morePublished on June 9, 2007 by Jason S. Comely
The Good: It has an almost crystalline structure to it. You could easily flip through it like a "what went wrong" reference manual for K-Mart, or any retail operation looking to... Read morePublished on December 23, 2004 by GavinFarrMedia
The author has researched well, using many footnotes to indicate her sources. However, the book reads like a high school student's report of individual articles (too, the grammar... Read morePublished on May 22, 2004
I read this book with interest from both the perspective of a consumer and a business person. As a consumer, I stopped shopping at KMart a long time ago. Read morePublished on January 7, 2004