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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 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]
Interior of Mitre 10 MEGA, a big-box hardware store in Australia. In Australia, the retail category is known as "large format retail", encompasses bulky goods showrooms and more specialised retail categories within service or Highway commercial type land use zones. In 1969, Kmart Australia opened its first five Big-box type stores across Australia.
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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Borders was acquired in 1992 by Kmart, which had acquired mall-based book chain Waldenbooks eight years earlier. [23] [24] [25] Kmart had struggled with the book division, having first tinkered with the assortment and later with discounting. In the Borders acquisition, Kmart merged the two companies in hopes that the experienced Borders senior ...
The hypermarket concept was not a success in Australia. Coles Myer had their own hypermarkets in the country with the introduction of Super Kmart in 1983, until the results were not positive. The concept was eventually shelved by 1989 to then divide all Super Kmart stores to have a separate Coles supermarket and a separate Kmart discount ...
Sears and Kmart, once America's leading retailers, are bleeding cash and shutting down stores as once-loyal shoppers abandon them in droves. Sears' sales have dropped from $41 billion in 2000 to ...
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