Boss 302
Pursuit Driver
The Kmart-Sears merger ended up being a disaster for both chains. The newly formed company Sears Holding believed Sears stores could survive in shopping centers like Kmart stores. Sears didn't believe customers would buy merchandise online. By the time they did start selling online, it was too late. You know the old saying, ''You snooze, you lose.'' KMart sunk $11 billion into the purchase of Sears. It wasn't worth the price because they made poor business decisions afterward.