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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.
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 ...
Since the early 2000s, Kmart stores have been dwindling. The last full-size Kmart in the U.S., located in Bridgehampton, New York, closes on October 20. Attention, Kmart Shoppers!
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.
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]
The company closed a number of stores between 2011 and 2013. On December 27, 2011, after poor holiday sales, the company announced 100 to 120 Sears and Kmart stores would close. [23] On February 23, 2012, Sears Holdings Corp. announced it is closing all nine "The Great Indoors" stores. [24]
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 ...
The Kmart, later the site of Magic Mart, closed in 2002. [5] Dawahares is now Shoe Show. Magic Mart announced that it would close the South Side Mall store in mid-2016. [6] On March 3, 2020, Peebles was converted into Gordmans, [7] which in turn was closed in July 2020, following the filings of bankruptcy from the company. [8]