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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 ...
The official name change to "Coles Myer Limited" followed in January 1986. The U.S. Kmart Corporation continued to hold shareholding in the merged company until Kmart sold its 21.5% stake in November 1994. [7] A new head office opened in 1987 at Hawthorn East, Melbourne. As of 2022, it remained the head office for Coles Group and associated ...
The centre originated as a $9 million Super Kmart development in November 1986. Port Adelaide's Super Kmart was South Australia's first hypermarket. Opposite the hypermarket was an open-air mall with specialty retailers. [1] In 1989, the Super Kmart concept was scrapped, with the building divided in half to become a separate Coles and Kmart. [2]
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]
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