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The former international headquarters of Kmart Corporation was located at 3100 W. Big Beaver Road in Troy, Michigan.The building, on the northwest side of the intersection of W. Big Beaver Road and Coolidge Highway, used to employ thousands of people, but had been vacant since 2006.
The clock has run out for the old Kmart headquarters in Troy. Demolition of the massive and architecturally distinct structure at 3100 W. Big Beaver Road, near Somerset Collection mall, began this ...
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 ...
The merger of Kmart and Sears closed on March 24, 2005, following affirmative shareholder votes of both companies. With the acquisition, the former HQ of Kmart in Detroit moved to the Sears Headquarters. The result of the merger was Kmart and parent Kmart Holding Corporation and Sears became subsidiaries of the new Sears Holdings Corporation.
Big Kmart stores – chain of discount department stores that carried everything a regular Kmart carries, but emphasizes home decor, children's clothing, and more food items. The Big Kmart format has been long discontinued, but the Big Kmart signage was still common for most Kmart stores for a long time that had gotten the new Kmart logo sign ...
In November 1996, Kmart opened a store in the ground floor retail space. [13] Two years later in July 1998, Vornado Realty Trust acquired the building for $149 million. [14] In 2000, the building was renovated to a design by Hugh Hardy. In 2007, AOL moved its headquarters to 152,000 square feet (14,100 m 2) in the building. [15]
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.
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.