| Kmart | |
|---|---|
| Type | Subsidiary of Sears Holdings Corporation |
| Founded | 1899 as the S. A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity Sears Holdings Corporation ( is the sixth largest retailer in the United States, behind Wal-Mart, The Home Depot, Costco, Target Year 1899 ( MDCCCXCIX) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Common S. Kresge Company (Detroit, Michigan), 1962 as Kmart |
| Headquarters | Hoffman Estates, Illinois, USA |
| Industry | Retail |
| Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, and housewares. Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar. The United States of America —commonly referred to as the For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need |
| Website | www.kmart.com |
Kmart (often spelled as "K-Mart") is a chain of department stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Guam. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages A discount store is a type of Department store, which sell products at prices lower than those asked by traditional retail outlets The United States of America —commonly referred to as the Puerto Rico (ˌpwertoˈriko officially the Commonwealth of Puerto Rico ("Estado Libre Asociado de Puerto Rico" {{lang-en|"Associated Free State of Puerto Rico"}} The United States Virgin Islands is a group of Islands in the Caribbean that are an Insular area of the United States. Guam ( Chamorro: cha Guåhån) officially the Territory of Guam, is an island in the western Pacific Ocean and is an organized unincorporated The chain merged with Sears in 2005, creating the Sears Holdings Corporation. Sears Roebuck and Company, commonly known as Sears, is an American mid-range chain of International Department stores founded by Richard Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Sears Holdings Corporation ( is the sixth largest retailer in the United States, behind Wal-Mart, The Home Depot, Costco, Target Kmart also exists in Australia and New Zealand (see Kmart Australia), although it now shares no current relation with the American stores except in name after US equity in the Australian business was purchased in the late 1970s. For a topic outline on this subject see List of basic Australia topics. New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island Kmart Australia is a discount department store chain that operates in Australia (and New Zealand trading as Kmart New Zealand It is the third biggest discount store chain in the world, behind Wal-Mart and Target. A discount store is a type of Department store, which sell products at prices lower than those asked by traditional retail outlets Wal-Mart Stores Inc (or Walmart as written in its new logo is an American public corporation that runs a chain of large discount department stores Target Corporation ( is an American Retailing company that was founded in Minneapolis Minnesota in 1902
Kmart's world headquarters was located in Troy, Michigan in a sprawling complex which, since Kmart's relocation to Illinois, has been slated for demolition [1]. Troy is a city in Oakland County in the US state of Michigan.
Kmart became known for its "Blue Light Specials. " They occurred at surprise moments when a store worker would light up a mobile police light and offer a discount in a specific department of the store. The phrase "attention Kmart shoppers" also entered into the American pop psyche.
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Sebastian S. Kresge, who had previously founded the S. S. Kresge dime store chain, opened the first Kmart store on March 1, 1962 in Garden City, Michigan[1] and named Kmart after himself; this store is still in operation to this day. Garden City is a city in Wayne County of the US state of Michigan. A total of eighteen Kmart stores opened that year. Kmart Foods, a now defunct chain of Kmart supermarkets, opened in that same decade. Customer divider barjpg|thumb|In supermarkets sellers periodically change prices for classes of goods in response to market conditions rather than negotiating the price of each good
During the 1970s, Kmart put a number of competing retailers out of business. In 1977, S. S. Kresge Corporation changed its name to Kmart Corporation. In 1987, the Kmart Corporation sold its remaining Kresge and Jupiter stores in the United States to McCrory Stores, although Canadian Kresge stores continued to operate until 1994. JG McCrory's or McCrory Stores was a chain of Five and dime stores in the United States based in York Pennsylvania.
During the 1980s, the company's fortunes began to change; many of Kmart's stores were considered to be outdated and in decaying condition. In the late-1980s and into the 1990s, the corporate office shifted much of its focus from the Kmart stores into other companies it had acquired or created, such as The Sports Authority, Builders Square, and Waldenbooks. Sports Authority is one of the USA's largest Sporting goods Retailers. Builders Square was founded as a Big-box Home improvement Retailer headquartered in San Antonio, Texas. Waldenbooks (often called Waldens) operated by the Walden Book Company Inc
In 1990, in an effort to change their image, Kmart introduced a new logo (dropping the old-style italic "K" with a turquoise "mart", created 1962), and renovated many stores. Turquoise is a slightly greenish shade of Cyan. The color is based on the gem Turquoise. (This logo forms part of the "Big Kmart" logo pictured below. ) However, most stores were not re-modeled until the mid-1990s, and some have not been completely renovated to this day. This logo was replaced in 2004 with the current logo. In the early 1990s, Kmart tried to reinvent itself by using the short lived Today's Kmart name.
The company also began to offer exclusive merchandise by Martha Stewart, Kathy Ireland, and Jaclyn Smith. Martha Stewart (born Martha Helen Kostyra; August 3, 1941) is an American Business magnate, Television host, author Kathy Ireland (born March 20, 1963) is an American model, Actress, businesswoman and CEO of her Eponymous brand product marketing Jaclyn Smith, born Jaclyn Ellen Smith (October 26 1947 in Houston Texas is a Golden Globe -nominated American actress. Other recognizable brands included Sesame Street and Disney. Sesame Street is an American educational Children's television series and a pioneer of the contemporary educational television standard combining Rosie O'Donnell and Penny Marshall were among the company's most-recognized spokespersons. Roseann "Rosie" O'Donnell Penny Marshall (born October 15, 1942) is an American Golden Globe-nominated actress producer and director
Kmart opened its first 147,000-square-foot (13,700 m²) Super Kmart[2] in 1991 in Medina, Ohio. Medina is a city in Medina County, Ohio, United States. The population was 25139 at the 2000 census. The second Super Kmart opened in Montrose, Ohio, which is now closed. Montrose is an area on the border between the Bath and Copley Townships of Summit County, Ohio, United States. Kmart also opened the first Big Kmart in Chicago, Illinois, on April 23, 1997. Chicago (ʃɪˈkɑːgoʊ is the largest City by population in the state of Illinois and the American Midwest of the United States. Events 215 BC - A temple is built on the Capitoline Hill dedicated to Venus Erycina to commemorate the Roman defeat at Year 1997 ( MCMXCVII) was a Common year starting on Wednesday (link will display full 1997 Gregorian calendar Some Kmart stores were converted to the Super Kmart concept, but most were converted to the Big Kmart concept, possibly because it showed an indifference to Wal-Mart's Supercenter concept.
The original Blue Light Special had disappeared in 1991, due to changing consumer habits and misuse by individual stores (according to the company's official explanation). The company later brought back the Blue Light Special in the early-2000s, but within a few weeks, the program was scrapped.
In 1994, Kmart closed 110 stores. Unlike its competitors Wal-Mart and Target, it failed to invest in computer technology to manage its supply chain. A supply chain or logistics network is the system of organizations people technology activities information and resources involved in moving a product or service from Furthermore, Kmart maintained a high dividend, which reduced the amount of money available for improving its stores. Dividends are payments made by a Corporation to its Shareholder members Many business analysts also faulted the corporation for failing to create a coherent brand image. A brand is a collection of Images and ideas representing an economic producer more specifically it refers to the descriptive verbal attributes and concrete symbols such as a
In 2001, the stock scandal involving Martha Stewart tarnished the corporation's image. Martha Stewart (born Martha Helen Kostyra; August 3, 1941) is an American Business magnate, Television host, author In addition, Kmart attempted to compete against Wal-Mart on price by introducing the "Blue Light Always" campaign, which revamped the original blue light concept for lower prices in general. In August 2001, Target sued Kmart for false advertising; Target claimed that its "Dare to Compare" campaign routinely misstated both Kmart's and Target's prices.
Two days after the terror attacks of September 11, 2001, Kmart stopped all sales of guns and ammunition, citing their concern for the safety of their customers. Numerous Kmart stores returned to selling shotguns and other hunting related firearms and ammunition, all of which will be discontinued as of 2008.
On January 22, 2002, Kmart filed for Chapter 11 bankruptcy protection, led into the bankruptcy by its then chairman Chuck Conaway and president Mark Schwartz. Events 565 - Eutychius is deposed as Patriarch of Constantinople by John Scholasticus. See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Chapter 11 is a chapter of the United States Bankruptcy Code, which permits reorganization under the Bankruptcy laws of the United States Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their Creditors Creditors may file a bankruptcy petition against Conaway, who had success building up the CVS Corporation, had accepted an offer to take the helm at Kmart, along with a loan of some $5 million. CVS Caremark Corporation ( is an integrated pharmacy services provider combining a United States pharmaceutical services company with a U Similar to the Enron scandal, Conaway and Schwartz were accused of misleading shareholders and other company officials of the company's financial crisis, while they were allegedly making millions and allegedly spending the company's money on airplanes, houses, boats and other luxuries. Enron Creditors Recovery Corporation (formerly Enron Corporation, former NYSE ticker symbol ENE was an American Energy company based in At a conference for Kmart employees January 22, Conaway accepted "full blame" for the financial disaster. As Kmart emerged from bankruptcy, Conaway was forced to step down and was asked to pay back all the loans he had taken.
While in bankruptcy, Edward Lampert bought K-mart bonds for his hedge fund ESL Investments. Edward S "Eddie" Lampert (born July 27 1962) is an American Investor, Financier and Businessman. On May 6, 2003, Kmart officially emerged from bankruptcy protection as the Kmart Holdings Corporation and on June 10, 2003, it began trading on the NASDAQ as "KMRT. Events 1527 - Spanish and German troops sack Rome; some consider this the end of the Renaissance. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. Events 1190 - Third Crusade: Frederick I Barbarossa drowns in the Sally River while leading an army to Jerusalem Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. " Lampert took control of the company and began to run it for profit instead of sales.
After dismissing Conaway and Schwartz, Kmart closed more than 300 stores in the United States and laid off around 34,000 workers as part of restructuring the company. The United States of America —commonly referred to as the Restructuring is the Corporate management term for the act of partially dismantling or otherwise reorganizing a company for the purpose of making it more profitable Kmart introduced five prototype stores with a new logo, layout and color scheme (lime green and gray) with one in White Lake Township, Michigan, a quasi-rural community near Detroit, Michigan, and four locations in central Illinois (one each in Peoria, Pekin, Morton, and Washington). A prototype is an original type form or instance of something serving as a typical example basis or standard for other things of the same category Lime green is a Color between Yellow and Green, so named because it is a representation of the color of the citrus fruit called limes White Lake Township is a Charter township of Oakland County in the U The State of Illinois ( roughly ill-i-NOY is a state of the United States of America, the 21st to be admitted to the Union. Peoria Illinois (named after the Peoria tribe is the largest city on the Illinois River and the County seat of Peoria County, Illinois Pekin is a city in Tazewell County Illinois. The population was 33857 at the 2000 census Morton is a village in Tazewell County, Illinois, USA, known for its Pumpkins and annual Pumpkin Festival Washington is a city in Tazewell County, Illinois, United States. The new layout was touted as having wider aisles, improved selection and lighting as well as the city or town's name under the newly created Kmart logo at the front entrance. However, Kmart could not afford a full-scale rollout. The lime green prototype was abandoned for the new Kmart "orange" concept that rolled out at nine test stores throughout the United States.
On November 17, 2004, Kmart announced its intention to purchase Sears, Roebuck and Company. Sears Holdings Corporation ( is the sixth largest retailer in the United States, behind Wal-Mart, The Home Depot, Costco, Target Events 284 - Diocletian is proclaimed emperor by his soldiers "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Sears Roebuck and Company, commonly known as Sears, is an American mid-range chain of International Department stores founded by Richard As a part of the merger, the Kmart Holdings Corporation would change its name to Sears Holdings Corporation. The new corporation announced that it would continue to operate stores under both the Sears and Kmart brands.
On May 9, 2007, Kmart was penalized $102,422 for violating federal environmental regulations that were accounted for 17 distribution centers across the states, which included hazardous waste, emergency planning and preparation regulations to the U. S. Emergency Protection Agency, and violations of clean water. [4] Kmart corrected the violations by preparing and implementing spill prevention control and countermeasure plans, applying for appropriate storm water permits, complying with hazardous waste generator requirements, and submitting reports to state and local emergency planning and response organizations informing them of the presence of hazardous substances. [5] The Environmental Agency also accused Kmart of not maintaining adequate information and failing to act in accordance with hazardous waste storage and disposal requirements. [6] For instance, the EPA reported to have discover improperly labeled oil storage drums at Falls, Pennsylvania. [7]
In concern for the environment, Kmart promoted the recycling of batteries to the public. [8] Kmart even proposed to spend about $80 million to help recover junk batteries at $2 each on full-page newspaper advertisements. [9]
In May 2007, Sears Holdings Corporation and Kmart named a new mascot and spokesperson for Kmart named Mr. May 2007 is the fifth month of that year It began on a Tuesday and 31 days later ended on a Thursday. Sears Holdings Corporation ( is the sixth largest retailer in the United States, behind Wal-Mart, The Home Depot, Costco, Target Bluelight. Named after Kmart's well-known "Blue Light Specials," Mr. Bluelight is a talking cartoonish version of a blue light bulb. He also gives customers ideas to help them with their shopping, and making the most out of their Kmart experience. To date Mr. Bluelight has appeared in several television commercials. A television advertisement or television commercial (often just commercial or advert (US or ad (UK is a span of television programming produced Specials associated with Mr. Bluelight inside Kmart stores are advertised as "Blue Light Finds" (marked-down merchandise) and "Best of Blue" (higher-end products, often brand-name).
Kmart was also once a major presence in Canada. Kmart Australia is a discount department store chain that operates in Australia (and New Zealand trading as Kmart New Zealand Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page However, as a result of Kmart's ongoing financial difficulties, the Canadian division comprising 112 stores was sold to competitor Zellers of the Hudson's Bay Company in 1998, after which the stores were either closed or converted to the Zellers brand. Zellers Inc is Canada 's second-largest chain of mass merchandise Department stores, with 282 locations in communities across Canada.
Like Target stores, Kmart-branded stores in Australia belonged to Coles Myer before being acquired by Wesfarmers in 2007, which also holds the rights to the Kmart brand in New Zealand. Kmart Australia is a discount department store chain that operates in Australia (and New Zealand trading as Kmart New Zealand For a topic outline on this subject see List of basic Australia topics. Coles Group Limited (formerly Coles Myer Limited was an Australian public company that operated numerous retail chains Wesfarmers ( is one of Australia ’s largest public companies and Australia's largest retailer with its headquarters in Perth Western Australia. A brand is a collection of Images and ideas representing an economic producer more specifically it refers to the descriptive verbal attributes and concrete symbols such as a New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island
In 1992, Kmart purchased several communist-era department stores in Eastern Europe, including 13 in the former Czechoslovakia that were bought from the former Czechoslovak government. Eastern Europe is a general term that refers to the Geopolitical region encompassing the easternmost part of the European continent. Czechoslovakia may also refer to what is now the Czech Republic and Slovakia. One of those stores was the old Maj department store on Národní Třída in Prague. Prague (ˈprɑːg Praha (ˈpraɦa see also other names) is the Capital and Largest city of the Czech Republic. Many of these outlets were quite profitable, with the Bratislava location setting a single store sales record for the company. ARTICLE TEXT BEGINS AFTER THESE COMMENTS - PLEASE READ 1 Please do not edit the lead without reading But Kmart's larger troubles in the United States caught up with its European operations later in the decade. In March 1996, The Kmart Corporation announced that it had agreed to sell the six Kmart stores in the Czech Republic and the seven in Slovakia to Tesco P. The Czech Republic ( ˈt͡ʃɛskaː ˈrɛpuˌblɪka short form in Česko ˈt͡ʃɛskɔ also called Czechia, Slovakia (long form Slovak Republic; Slovak:, long form, is a Landlocked country in Central Europe with a population of over five million Tesco plc is a British -based international grocery and general merchandising retail chain L. C. of Britain for about $117. 5 million, to focus on its core operations in North America.
In 1999 Kmart began offering a dial-up internet service called Bluelight which eventually spun off into its own company. Bluelight was initially free and supported by banner ads. BlueLight dropped the free service in February 2001 and was reacquired by Kmart in July 2001. In 2002 United Online, which owns the NetZero and Juno bought the Bluelight service after Kmart filed for bankruptcy. NetZero is an Internet service provider based in Woodland Hills California. Juno client software icon Juno In 2006, Bluelight dropped the banners. The service now cost $8. 95 a month and has around 165,000 subscribers.