Visual Encyclopedia

Kmart

Kmart Corporation (simply known as Kmart and stylized as kmart) is an American big box department store chain headquartered in Hoffman Estates, Illinois, United States. The company was incorporated in 1916 as S. S. Kresge Corporation and renamed to Kmart Corporation in 1977. The first store with the Kmart name opened in 1962. At its peak in 2000, Kmart operated 2,171 stores including 105 Super Kmart Center locations. The chain’s management purchased Sears for $11 billion in 2004, forming a new corporation under the name Sears Holdings Corporation; Kmart was transferred to the new Sears Holdings Corporation. For the 2005 fiscal year under the new company, the Kmart store count was at 1,416 with only 55 Super Kmart Center locations. As of May 2018, the Kmart store chain has 365 store locations. This number will decrease after future rounds of store closures. The last Super Kmart Center in Warren, Ohio closed on April 8, 2018. Kmart currently operates a very scarce number of stores in 45 states, Puerto Rico, the Virgin Islands, and Guam (which houses the world's largest Kmart). Kmart formerly operated stores in Canada, Mexico, Singapore, and in Eastern Europe.

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