Bankruptcy again for Kmart? – Detroit Free Press 9/11/16

Bankruptcy again for Kmart? – Detroit Free Press 9/11/16

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Van Conway, CEO of Birmingham-based management consulting firm Van Conway & Partners, said the retail corporation’s current problems could have been predicted at the time of the Kmart-Sears merger.

“Why did anyone think that two bad companies would result in a good company? That never happens,” Conway said.

“A bad company with a good company can cause a bad company,” he added. “Two good companies will make a better company. But you can’t fix a bad company by merging with a bad company. And of course that was the only play left.

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