Keeurig’s K-Mart, Inc., Kmart, and Walmart: Where Do They Stand?
The Kmart Corp. and its rival retailer Kmart Inc. are the only retail chains that can be considered the primary drivers of American consumer spending, according to a new study.
Kmart, which owns Kmart’s flagship store chain, has been one of the biggest beneficiaries of U.S. consumer spending over the past decade.KMart has also enjoyed a big rebound in the past year, rising from a year ago to the highest level since 2009.
Walmart, on the other hand, has seen its stock slump over the same period.
Walmart is the biggest seller of consumer goods in the U.K., with an estimated $7.6 trillion in sales in 2015.
Its stock has also been steadily losing value over the last decade.
The report, by the consulting firm NPD Group, shows that the biggest sellers of consumer merchandise, which include furniture, home goods, household appliances and footwear, are all U.A.C.P. stores, while the biggest contributors to U.C.-P sales are Walmart and Sears Holdings Corp. Kmart and Kmart both have been growing at double-digit rates.