When I was young nobody ever heard of most of those businesses, if they existed at all. People used to say nobody could compete with Sears and Montgomery Ward. Then K Mart replaced Sears as the biggest retailer, and people said that about them. Where are they now?
Sears owns them.
K-Mart blew it with Martha Stewart's line of housewares and Rosie O'Donnel, imho. The former had limited appeal (ugly colors, for one), the latter alienated a huge customer base by jumping all over Tom Selleck over the NRA. Gun owners boycotted, and that meant a huge revenue loss (K-Mart was the largest retailer of firearms at the time). People, being creatures of habit, once they don't go in to your store for a reason, will likely not be back for quite a while, if ever.