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Kmart Australia Limited was created out of a joint venture between G.J Coles & Coy Limited (Coles) and the S.S. Kresge Company, owner of Kmart USA. Kresge owned 51% of the common stock in the company and Coles owned the remaining 49%; together they began to develop Kmart stores in Australia in 1968. [2]
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 ...
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Kmart is a discount department store retailer in Australia and New Zealand. Kmart has more than 300 stores around Australia and New Zealand, employing more than 42,000 staff. [13] [failed verification] Kmart Tyre & Auto Service is no longer a part of Kmart after parent Wesfarmers sold the auto division to German company Continental AG. [16]
Kmart's shareholders turn down the proposal at their June 3 annual meeting. [11] In November 1994, FurnitureMax store within a store concept begins testing in the Cleveland market. [12] In 1995, Kmart sold off 51% of OfficeMax shares, spinning off the company and became a NYSE-(OMX) publicly traded corporation, based in Shaker Heights, Ohio. [13]
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