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Kmart will shutter its last big-box store in the U.S. in October, marking the end of an era for the 62-year-old discount chain. Kmart to close its last remaining store in the U.S. Here's where it is.
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'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 ...
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 1972, the Kresge company, the precursor of Kmart, moved its headquarters there from Detroit (where its former headquarters is now the Metropolitan Center for High Technology). [1] In 1975 a Michigan historic marker was erected to mark the significance of the company. [2] It was constructed for more than 5,500 headquarters staff. [3]
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On November 2, 2017, Sears Holdings announced that Kmart would be closing as part of a plan to close 63 Sears and Kmarts nationwide. Kmart closed on January 28, 2018. On August 6, 2019 Sears announced that its store would be closing this location as part of a plan to close 26 stores nationwide. The store closed in October 2019. [5]
The stores that are closing will begin liquidation sales on September 22, and close by mid December, employees said. Kmart is closing 64 stores and firing thousands of employees Skip to main content