Why Kmart is Collapsing...And Why It Could Happen Again

The fall of Kmart is how America's biggest discount chain went from 2,486 stores to one last mainland store in 30 years. It traces Harry Cunningham's 1962 bet that launched Kmart the same year as Walmart and Target, why a $3.5 billion modernization couldn't fix costs, and how missed payments to supplier Fleming triggered the 2002 Chapter 11 bankruptcy. It also covers Eddie Lampert's takeover, the $11 billion Sears merger in 2005, and the final closure on Long Island in 2024.