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Kmart was once revered for its “blue light specials,” but the last full-size brick-and-mortar location on the U.S. mainland will close its doors this weekend Getty Images A closing Kmart in 2016
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.
Kmart had 17 locations open by the end of the year, and reached 162 stores by 1966. By 1976, Kmart had expanded to 1,206 locations and over 2,000 stores by 1981. But by the early 2000s, the ...
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On June 6, 2017, Sears Holdings announced that the Kmart store would be closing as part of a plan to close 72 stores nationwide. It closed in October 2017. Kmart was expanded in 1992. On November 2, 2017, Sears Holdings announced that the Sears store would also be closing as part of a plan to close 63 stores nationwide. The store closed in ...
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 ...
Yahoo Finance Live's Emily McCormick and Brian Sozzi discuss Kmart being down to its last three stores in the U.S.
Kmart is closing its last big-box store in the contiguous U.S., employees with the company told CBS MoneyWatch, capping the retreat of what was once America's dominant discount retailer.