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Kmart’s Downfall. Troubles began as far back as 2002 when Kmart filed for Chapter 11 bankruptcy and announced it would close more than 250 of its then 2,000 stores.
When the retailer emerged from bankruptcy it still had 231 Sears and 191 Kmart stores, but those were also almost all doomed. Today only a handful of Sears stores remain.
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 ...
Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois.It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005. [7]
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 ...
As Sears and Kmart continued to close stores, the company was sold to Transformco following a 2018 bankruptcy. At the time, there were just 202 locations left in the U.S. At the end of 2019, a ...
Topps stores were closed when parent company, Interstate Stores filed for bankruptcy in 1974 [12] Tuesday Morning (Nationwide) Two Guys (Mid-Atlantic) Value City (Nationwide) Venture Stores (National) Based out of St Louis, MO metro area. Woolco, founded by the F.W. Woolworth Company as a full-line discount department store
Struggling to compete with Walmart’s low prices and Target’s trendier offerings, Kmart filed for Chapter 11 bankruptcy protection in early 2002 — becoming the largest U.S. retailer to take ...