Kmart Operations Kmart is the second largest gen

In addition to its operations in the United States, the company operates 127 Kmart stores in Canada, and 13 stores (under the Maj and Prior names) in Slovakia and the Czech Republic. The company also has a 22 percent interest in Coles Myer Ltd., the major food and general merchandise retailer in Australia. Kmart recently entered into a joint venture agreement with El Puerto de Liverpool S. A. de C. V. in Mexico to build and operate grocery and general merchandise stores in Mexico.

The company has recently undertaken strategies designed to regain its former premier position within the retail sector. These steps are not yet complete, but have begun to yield positive results that have outperformed the company's expectations. Continued international expansion and renovation should yield positive results for the company.

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t outperformed sales over the past ten years (35 percent per year for Wal-Mart and 12 percent per year for Kmart), but both have suffered declines in their earnings increases over the past five years. Wal-Mart's earnings increased at the same rate as sales, for the five-year period, while Kmart's earnings failed to perform as well as sales during the same period. The following chart indicates sales (in millions of dollars) and earnings per share for both companies for the past ten years. The chart is graphed on a logarithmic scale so that percentage rates of change can be noted:
International Operations In Canada and Puerto Rico, Kmart's strategy mirrors that of the United States: target the middle income consumer who is time conscious as well as budget conscious. In 1992, however, the company expanded to eastern Europe; specifically, to the Czech Republic and Slovakia. Kmart chose the former Czechoslovakia because its highly educated work force provides a ready supply of workers and consumers and because there is significantly little comparable retail competition. In addition, the company expects to be able to adequately serve the country's consumers through its acquisitions, and the country has a low inflation ra
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Approximate Word count = 2282
Approximate Pages = 9 (250 words per page)