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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 ...
Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois.It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005. [7]
Kmart’s Downfall. Troubles began as far back as 2002 when Kmart filed for Chapter 11 bankruptcy and announced it would close more than 250 of its then 2,000 stores.
After once holding over 2,000 locations across the U.S., Kmart will soon close its last remaining full-sized mainland location. ... It filed for bankruptcy in 2002 and closed 293 stores. The ...
The last full-size Kmart in the U.S., located in Bridgehampton, New York, closes on October 20. ... filing for Chapter 11 bankruptcy protection in 2002 and closing a couple hundred stores.
Kmart filed for bankruptcy protection in 2002, when it had 2,100 stores. It was the largest US retailer bankruptcy at that time. But a disastrous merger with Sears in 2005 made the situation even ...
Antonini became chairman in 1984 and CEO of Kmart in 1987. [2] In 1990 Kmart began a major restructuring and remodeling effort while competing against Walmart, resulting in financial difficulties for Kmart. In February 1990, when Kmart announced its refurbishing program, plans were to close and relocate about 300 Kmart stores, to expand about ...
Kmart is closing its last big-box store in the contiguous U.S., employees with the company told CBS MoneyWatch, capping the retreat of what was once America's dominant discount retailer.