Kmart Company Description
Attention Kmart shoppers: Kmart is the #3 discount retailer in the US, behind Wal-Mart and Target. It sells name-brand and private-label goods (including its Martha Stewart label), mostly to low- and mid-income families. It runs about 1,380 off-mall stores (including 55 Supercenters) in 49 US states, Puerto Rico, Guam, and the US Virgin Islands. About 1,060 Kmart stores contain in-store pharmacies. The company also operates the kmart.com Web site. Dismal sales and the erosion of supplier confidence led Kmart to file for Chapter 11 bankruptcy in 2002. (It emerged from Chapter 11 in 2003.) Kmart then bought and merged with Sears, Roebuck in 2005 to form both chains' parent company, Sears Holdings.
View the Comprehensive Company Description for Kmart
The Company Description provides a historical perspective of Kmart's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Kmart's evolution in the marketplace.
