Kmart Files for Bankruptcy

Further, though Martha Stewart has said she has no plans to abandon her marketing agreement with the company, this latest chapter in Kmart's history has some industry watchers expecting the domestic doyenne to peddle her wares elsewhere.

While company now has the opportunity to sort itself out, analysts say the company's path will not be easy. Nemiroff says the retailer's next course of action should be focusing on recovery.

"Trim the fat. Try to get back on track. Try to steal some ideas from Wal-Mart or from their competitors to see how they can service the consumers better," said Nemiroff. "How they can get people back into the stores. That's their biggest problem."

ABCNEWS' Richard Davies, Paul James, Ramona Schindelheim and Catherine Valenti contributed to this article

Page
  • 1
  • |
  • 2
  • |
  • 3
Join the Discussion
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus
 
You Might Also Like...
See It, Share It
PHOTO: Ebola patients Nina Pham, left, Dr. Craig Spencer, center, and Amber Vinson are seen in undated file photos.
Courtesy Pham Family | LinkedIn | Obtained by ABC
PHOTO: Television personalities Mama June and Honey Boo Boo are seen in this, June 11, 2014, file photo.
Douglas Gorenstein/NBCU Photo Bank/Getty Images
PHOTO: A New York City subway train is pictured in this stock image.
Andrew A. Smith/Getty Images