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Yahoo Finance Live's Emily McCormick and Brian Sozzi discuss Kmart being down to its last three stores in the U.S.
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 ...
Kmart had 17 locations open by the end of the year, and reached 162 stores by 1966. By 1976, Kmart had expanded to 1,206 locations and over 2,000 stores by 1981. But by the early 2000s, the ...
The last remaining Kmart in the U.S. is located in the Kendale Lakes Plaza, in Miami.
On November 8, 2018, Sears Holdings announced it would close an additional 40 Kmart and Sears stores. [50] On November 23, 2018, Sears Holdings released a list of 505 stores, including 239 Kmart stores and 266 Sears stores, that are for sale in the bankruptcy process while all others are currently holding liquidation sales. [51] On December 28 ...
Kresge's and S. S. Kresge (incorporated in 1899), [256] later K-Mart Corporation (headquartered in Troy), then Sears Holdings Corporation is frequently credited with invention of the modern discount department store with the opening of Kmart in 1962. The last Kresge's store in Livonia, Michigan closed in 1987. The chain operated over 2,000 ...