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The Fountain Gate Shopping Centre, constructed by Overland Construction Corporation, was inaugurated by the Governor of Victoria, Sir Henry Winneke, on March 11th, 1980. Initially, the centre boasted two major retailers: Kmart and Coles New World. Alongside them were 48 other shops and the Hotel Fountain Gate, a pub and restaurant.
The shopping centre was originally owned by West Lakes Ltd, a subsidiary of the Development Finance Corporation Ltd (known as Delfin) and T & G Mutual Life Society.In 1987, Delfin sold its 25% share to its partner now owned by National Mutual.
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.
Kmart started in the late 19th century when founder Sebastian Spering Kresge opened a five-and-dime store in downtown Detroit bearing his name. The Kmart brand didn’t come about until 1962.
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.
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 ...
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 ...
The home retail chain held its grand opening March 3 selling mattresses, furniture and appliances. A look at the former Kmart site, at 1020 Center St. Grand Central Plaza in Horseheads, which ...