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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 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. The company known as Kmart was incorporated in 1916 while the first Kmart named store did not open its doors until 1962. At its peak in 2000, Kmart operated 2,171 stores including 105 Super Kmart Center locations. For the 2005 fiscal year under the new company, the Kmart store count was at 1,416 with only 55 Super Kmart Center locations. By the 3rd quarter of 2017, the Kmart store chain had 510 store locations with only one Super Kmart Center location remaining (which is now set to be closed in April 2018).
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