Jim Adamson, the man responsible for turning around Burger King and Advantica Restaurants, the parent company of Dennys Restaurants, has a new challenge. He has been hired to save Kmart, who in recent years has failed to remain competitive with the likes of Target and Wal-Mart. Despite three CEOs in as many years, the downward trend has continued for the big-box retailer. Investors are counting on Adamson to find a way to convince the market that Kmart can recover.
Originally published: Brown, J., Lesser, D., & ORourke, J. S. (2002). Kmart Corporation: Saving an American icon (A). 02-12 (A). Notre Dame, IN: The Eugene D. Fanning Center for Business Communication, Mendoza College of Business, University of Notre Dame.