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Walmart passes Kmart in sales in 1990 and never looks back.
Kmart’s stores keep getting worse while the competition keeps getting better.
2002: Kmart files for Chapter 11 bankruptcy.
The largest retailer to ever go bankrupt.
They merge with Sears in 2005, hoping two struggling giants can save each other.
They can’t.
Sears Holdings files for bankruptcy in 2018.
From 2,486 stores at its peak to just 3 locations remaining today.
Meanwhile, Walmart owns discount retail completely.
Sam Walton opened his first store in 1962.
The same year Kmart opened.
But Walton never bought bookstores or sporting goods chains or office supply companies.
He did one thing.
He built the most efficient supply chain in retail history and delivered the lowest prices to customers every single day.
Over 10,800 stores worldwide.
$681 billion in revenue.