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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 ...
F. C. Nash & Co. – Nash's (Pasadena), at one time had 5 stores in downtown locations in neighboring small cities during the 1950s and 1960s, founded in 1889 as a grocery store, became a department store in 1921, branch stores were unable to compete with larger chains opening in malls built in the late 1960s and early 1970s and had to be ...
Only three brick and mortar Kmart stores remain in the U.S., located in Miami, Fla., Westwood, N.J. and Bridgehampton, N.Y., and news of the superstore chain becoming nearly extinct has prompted ...
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.
He renamed the store Kresge-Newark, expanded it, and started branch stores. The new department store company was completely independent from the S.S. Kresge discount department store company. [ 1 ] By 1924, Kresge was worth approximately $375,000,000 ($3.83 billion in 2009 dollars [ 2 ] ) and owned real estate of the approximate value of ...
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