Kmart to close its last full mainland US location after once holding prominent spot in retail world

Kmart to close its last full mainland US location after once holding prominent spot in retail world

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Quizizz Content

FREE Resource

Kmart is closing its last full-size store in the mainland U.S., marking the end of an era for the once-popular retailer. At its peak in the 90s, Kmart was a retail giant with celebrity endorsements and a strong presence in pop culture. However, it struggled to compete with rivals like Walmart and Amazon, leading to bankruptcy in 2002 and a problematic merger with Sears in 2005. Kmart's iconic blue light specials remain a part of its legacy. For more stories, check out Morning Brew Daily.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is Kmart's last full-size store in the mainland United States scheduled to close?

October 10th

October 20th

November 1st

December 15th

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following was NOT a competitor that contributed to Kmart's decline?

Walmart

Amazon

Target

Costco

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In what year did Kmart file for Chapter 11 bankruptcy?

1995

2002

2010

2015

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the major mistakes Kmart made in 2005?

Expanding too quickly

Raising prices

Merging with Sears

Ignoring online sales

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the name of Kmart's famous promotional event that involved a blue light?

Flash Sale

Blue Light Special

Kmart Hour

Discount Hour