July 22, 2014 9:15 PM ET

Internet and Catalog Retail

Company Overview of Kmart Corporation

Company Overview

Kmart Corporation operates discount retail stores that markets general merchandise under Jaclyn Smith and Joe Boxer labels, as well as Sears brand products such as Kenmore, Craftsman, and DieHard. It also markets its products online. The company was formerly known as S. S. Kresge Company, Inc. and changed its name to Kmart Corporation in 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





Key Executives for Kmart Corporation

Age: 52
Compensation as of Fiscal Year 2014.

Kmart Corporation Key Developments

Kmart Stores to Close in Hemet

Hemet's Kmart will be closing soon after nearly 40 years. The Kmart store in Hemet will close to the public at a to-be-determined date. Until then, the store will remain open for customers. The store began its liquidation sale on June 19, 2014. Seventy seven members will loss their jobs. Kmart has leased the building at 220 W. Stetson Ave., at State Street, since February 1975.

Kmart to Close Another Oregon Store in Albany

Kmart will close another Oregon store, this time in Albany, as it attempts to chart a path ahead in the vastly transformed retail market. Its parent, Sears Holding Corp., has struggled to compete with online retailers and differentiate Kmart from other big-box stores. Executives announced in May that they would close at least 80 stores in 2014. The company's holiday season disappointed, and it went on to lose $221 million in first quarter 2014, a loss that eclipsed the same time in 2013. The Albany store will close Sept. 14, 2014. The layoffs will affect 64 people. The Albany layoffs will begin Sept. 7, 2014.

Kmart to Close St. Johns Store

Kmart is pulling out of St. Johns, closing its store as part of broader cost-cutting moves by its parent company. The store will go out of business in early June. The St. Johns store has 48 employees, most of whom are part time/hourly workers.

Similar Private Companies By Industry

Company Name Region
R&R Operating Partnership, L.P. United States
Classic Specs LLC United States
World Wide Gourmet Foods, Inc. United States
OfficePlanIt.com, Inc. United States
FilterEasy LLC United States

Recent Private Companies Transactions

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

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.