May 24, 2013 6:32 PM ET

Internet and Catalog Retail

Company Overview of Kmart Corporation

Company Overview

Kmart Corporation operates retail stores that sell general merchandise under Jaclyn Smith and Joe Boxer labels, as well as Sears brand products, such as Kenmore, Craftsman, and DieHard. Kmart Corporation was formerly known as S. S. Kresge Company and changed its name in January 1977. The company was founded in 1899 and is based in Troy, Michigan. Kmart Corporation operates as a subsidiary of Sears Holdings Corporation.

3100 West Big Beaver Road

Troy, MI 48084

United States

Founded in 1899

Phone:

248-463-1000

Fax:

248-643-5249

www.kmart.com

Key Executives for Kmart Corporation

Kmart Corporation does not have any Key Executives recorded.

Kmart Corporation Key Developments

e.Digital Files Patent Infringement Lawsuits Against Motorola, Apple, RIM, Huawei, ZTE and Others

e.Digital Corporation announced that it has filed five new patent infringement lawsuits in the United States District Court for the Southern District of California. Handal & Associates, on behalf of the Company, has recently filed five separate lawsuits against entities that e.Digital believes infringe the Company's U.S. patents covering the use of flash memory technologies. The patents in question are a part of e.Digital's Flash-R(TM) patent portfolio. The recent filings bring the number of cases currently on file against defendants alleged to infringe the Company's patents to a total of twenty-one. The filings are against Motorola Mobility LLC, Apple Inc., Research In Motion Limited, Huawei Technologies Co., Ltd., FutureWei Technologies, Inc., Huawei Device USA, Inc., ZTE Corp., and ZTE USA, Inc. all of whom the Company believes make or sell infringing products. Along with them e.Digital has named several of their distributors and retailers who are believed to carry and sell infringing products. These distributors and retailers include AT&T Mobility, LLC; Verizon Communications, Inc.; Sprint Nextel Corp.; T-Mobile USA, Inc.; Leap Wireless International, Inc.; Wal-Mart Stores, Inc.; Target Corporation; Kmart Corporation; Best Buy Co., Inc.; Best Buy Stores, L.P.; Best Buy.Com LLC; and TrackFone Wireless, Inc. The suits allege infringement of multiple claims across several patents covering a broad spectrum of products. Notably, the suits seek infringement damages against smartphones and tablets for features related to, among other things, flash memory integrity testing, noise suppression technology and file management functionalities.

Kmart Corporation Reports Preliminary and Unaudited Earnings Results for the Fourth Quarter and Year Ended February 2, 2013; Announces Impairment Charges for the Fourth Quarter of Fiscal 2013

Kmart Corporation reported preliminary and unaudited earnings results for the fourth quarter and year ended February 2, 2013. For the quarter, the company's revenue was $4,697 million compared with $4,840 million a year ago. Operating income was $103 million compared with $69 million a year ago. Adjusted EBITDA was $168 million compared with $158 million a year ago. For the year, the company's revenue was $14,567 million compared with $15,285 million a year ago. Operating income was $5 million compared with operating loss of $34 million a year ago. Adjusted EBITDA was $201 million compared with $172 million a year ago. The company announced impairment charges of $10 million for the fourth quarter ended February 2, 2013.

Kmart Corporation Plans to Close Hialeah Store

Kmart Corporation has filed a notice with the state that it will lay off about 67 workers at its Hialeah location, which it will close. The terminations are expected to occur during a 14-day period beginning January 20, 2013. The affected store is at 5750 N.W. 183rd St. There will be no bumping rights for employees affected by this store closing.

Similar Private Companies By Industry

Company Name Region
Holden & Brands, Inc. United States
Queen Anne Tractor Co. Inc. United States
Tyler Tool Company, Inc. United States
Brite Cleaners United States
Pic-A-Part, LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Kmart Corporation, please visit www.kmart.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.