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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.
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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 ...
In 1990, Kmart acquired the company. [7] At the time of acquisition, Kmart had opened two sporting goods stores in Metro Detroit under the Sports Giant name and converted these stores to the Sports Authority name. [8] Five years later, The Sports Authority had expanded to 136 stores in 26 states, and was spun off from parent Kmart.
On December 28, 2016, Sears Holdings announced that Kmart would be closing as part of a plan to close 30 Sears and Kmart stores nationwide. The store closed in March 2017. [11] On March 17, 2017, it was announced that the JCPenney store would also be closing as part of a plan to close 138 locations. The store closed its doors permanently on ...