30 Nov Products supply chain: Code Blue
When Chuck Conaway took over as the chief executive of Kmart, he gave himself two years to resuscitate the discount retailer, get the right products on its shelves and make it competitive again with the new kings of general merchandising, Wal-Mart and Target.
September 6 may go down as a defining date in Kmart chief executive Chuck Conaway’s effort to turn around the one-time king of discount stores in America. Five days before the twin towers tragedy, Conaway announced that Kmart would write off $195 million of assets held on its books that no longer had value. This included $130 million worth of supply-chain hardware and software that was being retired, and $65 million for the replacement of two outdated distribution centers. Conaway said implementing two new state-of-the-art distribution centers would allow hot-selling products to get priority treatment.
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