See Photos and Read More Here: bit.ly/Abandoned-Kmart At one point in time, Kmart was bigger than Walmart. Yes, that's right! For a long time, it knew exactly what middle-class consumers wanted and needed. So, why is it almost out of business today? Similar to Sears, K-mart took its size and prominence for granted. They assumed that K-mart had solved the riddle of the middle-class culture when in reality, their tastes and expectations evolved. Kmart was not a perpetually innovative company. In fact, most of us over 30 can remember when Walmart was a crappy little store. Walmart recognized that merely selling cheap crap wasn't enough, and has continually improved its stores. It now is able to sell a handful of quality brands at average prices. Walmart recognized that middle-class consumers are aspirational and don't want to settle for only cheap goods, whereas K-mart is stuck in the past. Keep Up-To-Date with Me Here: derelictdoug.net Or Follow Me On Twitter: twitter.com/Derlict_doug

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