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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 ...
Kmart down to its last 3 locations in the U.S. April 11, 2022 at 11:26 AM ...
(The Grand Rapids Lazarus stores, converted from the Herpolsheimer's name in late 1987, were shuttered in September 1990.) In 1989, Lazarus' sprawling downtown Columbus flagship store became one of the three anchors of Columbus City Center mall, when developer Taubman Centers constructed a pedestrian skywalk to it over South High Street.
At the height of its success, Kmart was a go-to discount store with more than 2,000 locations. In the early 2000s, the retail chain began facing some challenges, filing for Chapter 11 bankruptcy ...
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]
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On April 20, 2017, Business Insider reported that the company was "quietly closing" more stores than it had initially announced and compiled a list of ten additional Sears and Kmart locations that were closing. [271] On April 22, Sears also announced plans to close 50 of its auto centers and 92 pharmacies within Kmart locations. [272]