Kmart research
Description and Discussion of Firm
K-Mart
K-Mart, is a chain of discount stores headquartered in the United States. The chain acquired 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 Wal-Mart and Target, with stores in the United States, Puerto Rico, the U.S. Virgin Islands Kmart operates in a total of 1307 stores across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands(2). This store count included 1,278 discount stores, and 29 Super Centers(3). Kmart became known for its "Blue Light Specials." They occurred at surprise moments when a store worker would light up a mobile police light and offer a discount in a specific department of the store. At the height of Kmart's popularity, the phrase "attention Kmart shoppers" also entered into the American pop psyche, appearing in films and other media such as Troop Beverly Hills, Six Days Seven Nights, Beetle juice, and Dawn of the Dead. Kmart’s world headquarters was located in Troy, Michigan, but since the purchase of Sears, has been relocated to Hoffman Estates, Illinois(3). Kmart also exists in Australia and New Zealand although it now has no relation to the American stores except in name(3).
Sebastian S. Kresge, the founder of the company that would become Kmart, met variety store pioneer Frank Woolworth while working as a traveling salesman and selling to all nineteen of Woolworth's stores at the time(2). In 1897 Kresge invested in two five and dime stores with his friend John McCrory; they were the first S.S. Kresge stores. By 1907 Kresge had bought out McCrory. He continued in this for two years, then in 1899 founded his company with Charles J. Wilson with an $8,000 investment in two five-and-ten-cent stores, one in downtown Detroit, Michigan(3). In 1912, Kresge incorporated the S.S. Kresge Corporation with eighty-five stores(2). Early century growth remained
K-Mart
K-Mart, is a chain of discount stores headquartered in the United States. The chain acquired 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 Wal-Mart and Target, with stores in the United States, Puerto Rico, the U.S. Virgin Islands Kmart operates in a total of 1307 stores across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands(2). This store count included 1,278 discount stores, and 29 Super Centers(3). Kmart became known for its "Blue Light Specials." They occurred at surprise moments when a store worker would light up a mobile police light and offer a discount in a specific department of the store. At the height of Kmart's popularity, the phrase "attention Kmart shoppers" also entered into the American pop psyche, appearing in films and other media such as Troop Beverly Hills, Six Days Seven Nights, Beetle juice, and Dawn of the Dead. Kmart’s world headquarters was located in Troy, Michigan, but since the purchase of Sears, has been relocated to Hoffman Estates, Illinois(3). Kmart also exists in Australia and New Zealand although it now has no relation to the American stores except in name(3).
Sebastian S. Kresge, the founder of the company that would become Kmart, met variety store pioneer Frank Woolworth while working as a traveling salesman and selling to all nineteen of Woolworth's stores at the time(2). In 1897 Kresge invested in two five and dime stores with his friend John McCrory; they were the first S.S. Kresge stores. By 1907 Kresge had bought out McCrory. He continued in this for two years, then in 1899 founded his company with Charles J. Wilson with an $8,000 investment in two five-and-ten-cent stores, one in downtown Detroit, Michigan(3). In 1912, Kresge incorporated the S.S. Kresge Corporation with eighty-five stores(2). Early century growth remained