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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 ...
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 ...
After once holding over 2,000 locations across the U.S., Kmart will soon close its last remaining full-sized mainland location. ... It filed for bankruptcy in 2002 and closed 293 stores. The ...
The brand had 150 stores at its peak, predominantly on the West Coast. Anchor Blue declared bankruptcy in 2009 and shuttered more than 50 stores, and gradually shrank to include stores solely in California. It went bankrupt once more in 2011, with the remaining stores closed before Easter of that year. [48]
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.
Big Kmart – a sub-chain of Kmart that uses a hypermarket model, carrying an expanded inventory. Big Kmart stores range from 84,000 to 120,000 sq ft (7,800 to 11,100 m 2 ). Since the merger with Sears , many stores have been rebranded simply to Kmart.
[citation needed] Venture sold the Texas stores to Kmart in 1996 and closed its distribution center in Corsicana, Texas. The company entered chapter 11 bankruptcy on January 20, 1998, and tried to operate with a smaller number of stores. The effort was not successful, and the company announced its closing on April 27, 1998.
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 ...