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Kmart (/ ˈ k eɪ m ɑːr t / KAY-mart), formerly legally registered as Kmart Corporation, now operated by Transformco, is an online retailer in the United States and operates six remaining Kmart big-box department stores — 3 in the US Virgin Islands and one each in Kendale Lakes, Florida (Miami postal address); Bridgehampton, Long Island ...
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Kmart, American retail chain with a history of marketing general merchandise primarily through discount and variety stores. It was founded in 1897 and became a leading retailer until struggling in the early 21st century. Kmart is a subsidiary of Sears Holdings Corporation.
The giant Kmart Corporation grew from a Detroit five-and-dime store opened in 1899. Its proprietor was Sebastian Spering Kresge, a former Pennsylvania tinware salesman, who along with a partner, John McCrory, adopted the chain-store idea first used by Frank W. Woolworth.
Under Cunningham's leadership, the first Kmart discount department store opened in 1962 in Garden City, Michigan. Seventeen additional Kmart stores opened that year, leading to corporate sales of more than $483 million that year. Just four years later in 1966, sales in 162 Kmart stores and 753 Kresge stores topped the $1 billion mark.
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Kmart, formerly legally registered as Kmart Corporation, now operated by Transformco, is an online retailer in the United States and operates six remaining Kmart big-box department stores — 3 in the US Virgin Islands and one each in Kendale Lakes, Florida ; Bridgehampton, Long Island; and Tamuning, Guam.
Jan 21, 2002 · A History of Kmart. By The New York Times. Jan. 21, 2002. Achronology of the Kmart Corporation. 1899. Sebastian S. Kresge founds the S.S. Kresge Company, opening the first store in Detroit....
Kmart (sometimes stylized as K-Mart) was an American company. Its headquarters were in Illinois. The company purchased Sears in 2005. It formed a new corporation under the name Sears Holdings Corporation . The company was founded in 1962.
