Kmart

This article is about the American retailer. For the Australian retailer and flagship brand of Wesfarmers's Kmart Group, see Kmart Australia. For other uses, see Kmart (disambiguation).

Kmart
Company typeSubsidiary
IndustryRetail
Founded
  • July 31, 1899; 125 years ago (July 31, 1899) (as Kresge's)
  • January 25, 1962; 62 years ago (January 25, 1962) (first Kmart store opened)
  • Garden City, Michigan
FounderS. S. Kresge
Headquarters
Number of locations
5 (1 in the mainland US)[1]
Areas served
Kmart.com: The 50 United States +APO/FPO.[2]

Physical stores: US Virgin Islands, Guam, Miami area[1]

Products
  • Clothing
  • shoes
  • linen and bedding
  • jewelry
  • accessories
  • health and beauty products
  • electronics
  • toys
  • food
  • drinks
  • sporting goods
  • automotive
  • hardware
  • appliances
  • housewares
  • pet products
  • pharmacy
  • garden center
RevenueUS$25.146 billion (2015 SHC)[3]
ParentTransformco
Websitekmart.com

Kmart (/ˈkeɪmɑːrt/ KAY-mart), formerly legally registered as Kmart Corporation, now operated by Transformco, is a department store chain, and a current online retailer in the United States and its territories and operates five remaining Kmart big-box department stores — 3 in the US Virgin Islands[5][6][7] and one each in Kendale Lakes, Florida (Miami postal address);[4]and Tamuning, Guam.[8]

Prior to 2018, Kmart owned and operated a much larger chain of Kmart stores. The company is headquartered in Hoffman Estates, Illinois, United States. The company was incorporated in 1899 as S. S. Kresge Corporation and renamed Kmart Corporation in 1977.[9] The first store with the Kmart name opened in 1962 in Garden City, Michigan.[10] At its peak in 1994, Kmart operated 2,486 stores globally, including 2,323 discount stores and Super Kmart Center locations in the United States.[11][12][13][14] From 2005 through 2019, Kmart was a subsidiary of Sears Holdings Corporation.[15] Since 2019, Kmart has been a subsidiary of Transform SR Brands LLC, a privately held company that was formed in 2019 to acquire assets from Sears Holdings.

  1. ^ a b Last recorded reliable source quoted the total number of Kmart stores globally as seven, after the planned closure of West St. Croix. This report is from June 2023:
    • Cobb, Sian (June 7, 2023). "One Kmart on St. Croix to Close, Retail Consulting Firm Reports". St. Thomas Source. Retrieved January 22, 2024. Only a handful of Kmarts now remain, including two on St. Thomas, two on St. Croix, one in Guam, and two on the U.S. mainland.

    The West St. Croix store was confirmed closed on June 5, 2023: "Kmart West is Closing; Mall Owner Says Redevelopment Plan Will Provide 'First Rate Center'". The Virgin Islands Consortium. June 8, 2023. Retrieved January 22, 2024.
  2. ^ "Shipping methods". Kmart. Retrieved January 23, 2024. Kmart does not currently ship to P.O. Boxes, Puerto Rico, Guam or the US Virgin Islands.
  3. ^ "2015 Form 10-K, Sears Holding Company" (PDF). Sears Holdings. January 30, 2016. Archived (PDF) from the original on May 21, 2016. Retrieved May 15, 2016.
  4. ^ a b "Kmart Miami #3074". Kmart Store Finder. Retrieved January 21, 2024. Kmart 14091 Sw 88Th St Miami FLORIDA,33186
    Compare to: "2020 CENSUS - CENSUS BLOCK MAP: Kendale Lakes CDP, FL" (PDF). U.S. Census Bureau. Retrieved March 29, 2024.
    Despite the "Miami, Florida" address, this store is not in the Miami city limits. The City of Houston stated: "The U.S. Postal Service establishes ZIP codes and mailing addresses in order to maximize the efficiency of their system, not to recognize jurisdictional boundaries."
  5. ^ "Kmart St Thomas #3829". www.kmart.com. Retrieved January 21, 2024.
  6. ^ "Kmart St Croix #3972". www.kmart.com. Retrieved January 21, 2024.
  7. ^ "Kmart St Thomas #7793". www.kmart.com. Retrieved January 21, 2024.
  8. ^ "Kmart Tamuning #7705". Kmart Store Finder. Retrieved January 21, 2024.
  9. ^ "Kmart Corporation History". FundingUniverse. n.d. Archived from the original on March 12, 2015. Retrieved December 10, 2014.
  10. ^ "The first Kmart – includes related articles – 30 Years of K Mart – Cover Story". Discount Store News. February 17, 1992. Archived from the original on July 9, 2012 – via FindArticles.
  11. ^ https://www.sec.gov/ArchivesA/edgar/data/56824/0000950124-97-002230.txt[permanent dead link]
  12. ^ "KMART CORP Annual Report – Fiscal Year Ending January 29th, 2000". U.S. Securities and Exchange Commission. January 29, 2000. Archived from the original on October 3, 2018. Retrieved March 14, 2017.
  13. ^ "Top Ten Reasons Customers Love to Shop Kmart for Valentine's Day | Sears Holdings Corporation". searsholdings.com. Archived from the original on October 15, 2018. Retrieved November 30, 2018.
  14. ^ "Sears ex-ceo closes deal to buy Sears and Kmart". USA Today. January 11, 2019. Archived from the original on December 27, 2019. Retrieved February 12, 2019.
  15. ^ Will Phillips (January 31, 2022). "One Is the Loneliest Number: The Last Kmart in New York". Wour.com. Retrieved March 8, 2022.