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Kmart's longest lasting logo, used from 1969 to 1990. Under the leadership of executive Harry Cunningham, S.S. Kresge Company opened the first Kmart-named store, at 27,000 square feet (2,500 square meters), which was referred to by Kresge as a "bantam" Kmart and was in fact originally intended to be a Kresge store until late in the planning process, on January 25, 1962, in San Fernando ...
At its peak, Kmart had well over 2,000 locations in the U.S. and was among the nation's retail giants. Kmart merged with Sears in 2005 in a deal engineered by hedge fund manager and CEO Eddie Lampert.
End of an Era. After years of steady decline, Kmart has officially closed its last full-size store in mainland U.S. on October 20, 2024. Located in the posh town of Bridgehampton, New York, the ...
A generation of kids grew up visitng Kmart stores. Now that only three stores remain in the U.S., they're taking to Twitter to share their feelings about the end of an era.
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.
10–40 Target stores were converted to Kmart. [25] 10–25 other Target stores were closed. [25] 52 Target Country stores converted to small-format Kmart stores, called K Hubs. The remaining 50 Target Country stores were closed. [25] [27] In total up to 92 Target stores were converted into Kmart stores with a whole total of 167 stores closed ...
It has sat empty since 2006, when Kmart finished moving to suburban Chicago following its post-bankruptcy merger with Sears. The old headquarters for K-mart is being demolished in Troy, Mich. on ...
In 1996, the parent company decided to close all remaining stores, but Thom McAn footwear is available in Kmart stores. [69] Today's Man – a men's suiting store that began in the 1970s and expanded rapidly in the 1980s and 90s. Overexpansion brought the brand to bankruptcy in 1996. [70]