Kmart, Sears Show Their Age in Fight for Survival

Kmart, a retail giant known for its blue light specials, is fast joining the long line of retailers that failed to keep up with the times. Nearly seven years after Kmart merged with Sears and moved its headquarters to suburban Chicago, Sears struggled to remain relevant in the cutthroat retail landscape. The merger was supposed to revive the aging retailer, but it appears to be losing the battle against big-box competitors.