kmart
INTRODUCTION:
Kmart is the #3 discount retailer in the US, behind Wal-Mart and Target. It sells name-brand and private-label goods (including its Joe Boxer and Jaclyn Smith labels), mostly to low- and mid-income families. It runs more than 1,200 off-mall stores (including 25 Super Centers) in 49 US states, Puerto Rico, Guam, and the US Virgin Islands. About 270 Kmart stores sell home appliances (including Sears' Kenmore brand) and some 895 locations house in-store pharmacies. Poor sales have forced its parent, Sears Holdings Corp., to close more than 250 Kmart stores since merging Kmart with Sears in 2005. Kmart also operates the kmart.com website, which includes merchandise from Sears.
Kmart (sometimes stylized as K-Mart), is an American chain of discount stores headquartered in the United States. The chain purchased Sears in 2005, forming a new corporation under the name Sears Holdings Corporation. The company was founded in 1962 and is the third largest discount store chain in the world, behind Walmart and Target, with stores in the United States, Puerto Rico, theU.S. Virgin Islands, and Guam (which houses the world's largest Kmart). Kmart's world headquarters was located in Troy, Michigan in Greater Detroit, but since the purchase of Sears, has been relocated toHoffman Estates in Greater Chicago, Illinois. Kmart also exists in Australia and New Zealand (see Kmart Australia), although it now has no relation to the American stores except in name, after U.S. equity in the Australian business was purchased in the late 1970s. ANNUAL REPORT DISUSSION:
20-Mar-2013
Annual Report
Management's Discussion and Analysis of Financial Condition and Results of Operations:
OVERVIEW OF HOLDINGS
We currently conduct our operations in three business segments: Kmart, Sears Domestic and Sears Canada. The nature of operations conducted within each of these segments is discussed within the "Business Segments" section of Item 1 in this report on Form 10-K. Our business
Kmart is the #3 discount retailer in the US, behind Wal-Mart and Target. It sells name-brand and private-label goods (including its Joe Boxer and Jaclyn Smith labels), mostly to low- and mid-income families. It runs more than 1,200 off-mall stores (including 25 Super Centers) in 49 US states, Puerto Rico, Guam, and the US Virgin Islands. About 270 Kmart stores sell home appliances (including Sears' Kenmore brand) and some 895 locations house in-store pharmacies. Poor sales have forced its parent, Sears Holdings Corp., to close more than 250 Kmart stores since merging Kmart with Sears in 2005. Kmart also operates the kmart.com website, which includes merchandise from Sears.
Kmart (sometimes stylized as K-Mart), is an American chain of discount stores headquartered in the United States. The chain purchased Sears in 2005, forming a new corporation under the name Sears Holdings Corporation. The company was founded in 1962 and is the third largest discount store chain in the world, behind Walmart and Target, with stores in the United States, Puerto Rico, theU.S. Virgin Islands, and Guam (which houses the world's largest Kmart). Kmart's world headquarters was located in Troy, Michigan in Greater Detroit, but since the purchase of Sears, has been relocated toHoffman Estates in Greater Chicago, Illinois. Kmart also exists in Australia and New Zealand (see Kmart Australia), although it now has no relation to the American stores except in name, after U.S. equity in the Australian business was purchased in the late 1970s. ANNUAL REPORT DISUSSION:
20-Mar-2013
Annual Report
Management's Discussion and Analysis of Financial Condition and Results of Operations:
OVERVIEW OF HOLDINGS
We currently conduct our operations in three business segments: Kmart, Sears Domestic and Sears Canada. The nature of operations conducted within each of these segments is discussed within the "Business Segments" section of Item 1 in this report on Form 10-K. Our business