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fashion-features

The Target Squeeze: Chain Battles Foes From Above and Below

NEW YORK — Unfortunately for Target Corp., discretion is not the greatest part of value.With Wal-Mart Stores carrying the day on price and...

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On the plus side for the firm is the weakening of Kmart Corp. while in bankruptcy. Over the past year, the shrinking discounter — whose survival remains anything but assured — has closed, or announced its intention to close, 609 weaker stores and eliminate 59,000 positions. While the liquidations have unleashed a flood of goods into the market at bargain prices, the reduced door count on the part of Kmart leaves more market share in the mass sector up for grabs for Target and Wal-Mart.
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