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
Founded in 1899
e.Digital Files Patent Infringement Lawsuits Against Motorola, Apple, RIM, Huawei, ZTE and Others
Apr 2 13
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
Feb 28 13
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
Nov 2 12
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.