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At the time of the 2005 merger Kmart had about 1,400 stores and Sears nearly 900 full-line US stores. ... Target early Black Friday deals 2024: Start saving already on everything from iPads to ...
Although discount stores and department stores have different retailing goals and different markets, a recent development in retailing is the "discount department store", such as Sears Essentials, which is a combination of the Kmart and Sears formats, after the companies' merger as Sears Holdings Corporation.
Big Kmart stores – chain of discount department stores that carried everything a regular Kmart carries, but emphasizes home decor, children's clothing, and more food items. The Big Kmart format has been long discontinued, but the Big Kmart signage was still common for most Kmart stores for a long time that had gotten the new Kmart logo sign ...
The merger of Kmart and Sears closed on March 24, 2005, following affirmative shareholder votes of both companies. With the acquisition, the former HQ of Kmart in Detroit moved to the Sears Headquarters. The result of the merger was Kmart and parent Kmart Holding Corporation and Sears became subsidiaries of the new Sears Holdings Corporation.
The Kmart store closed in 2002. [3] In 2003, Petrie Ross Ventures purchased the mall from Simon Property Group for $20.3 million. [ 4 ] Petrie Ross tore down the vacant Kmart store and constructed a new Target store, remodeled the mall's interior, and renamed the mall as The Centre at Forestville .
Kmart opened its first Super Kmart Center in 1991; [14] and Target came with the first Target Greatland stores in 1990, followed by the larger SuperTarget stores in 1995. [15] Most Greatland stores have since been converted to SuperTarget stores, while some have been converted into regular Target stores with the exception of 2 entrances (one ...