Brandweek
Kmart CMO Mark Snyder, a former Holiday Inn marketing executive, discusses the retailer's back-to-school strategy with Elaine Wong. With reports that drastic price-slashing is already hitting
teen retailers, Synder says that Kmart has a three-pronged strategy and value is No. 2. "The first involves 'more fashion,' and we've absolutely delivered on that," he says. It has introduced three new brands in addition to GLO [the Jones Apparel Group jeans and accessories line]: Dream Out Loud by Selena Gomez, Bongo and Rebecca Bonbon. Value goes beyond price, Snyder says, to quality. Consumers …