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Preservation of two brands after the merger was intended to allow Sears Holdings to continue focusing on different customer demographics, without alienating either group. The company is directed by a board of directors composed of members from the two companies: seven members from Kmart's board, and three from Sears. Shareholders in the Kmart ...
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.
Sears Holdings then operated Sears and Kmart stores. The company continued to market products under brands held by both companies. The merger was completed on March 24, 2005, after receiving regulatory approval from the government and approval by shareholders of both companies. [7] The combined company had approximately 3,500 stores at the time ...
Kmart became known for its 15-minute-long “blue light specials”: A store would flash a blue light and announce “attention Kmart shoppers” over the public address system, and customers ...
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 ...
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