Company Overview Visit kmart.com website
Kmart was first started in 1899 by James McMullen - he named the store after himself! Shortly after, Kresge Corporation bought out the business and turned the name into a retail chain. In 1977, Kmart opened its first stores outside of North America. By 1979, there were over 1,000 locations across America and Canada with 246,00 employees - around one-fifth of them being full-time! Today Kmart has more than 2,200 stores worldwide including Australia and Mexico. There are also 880 home decor shops known as "The Home Place."
In 2002, Target Corp acquired the corporation for $11 billion dollars making it a subsidiary of Target.
Today Kmart still exists but is now owned by Sears Holdings Corporation - the parent company of the defunct 'sears' retail chain. The current number of stores are around 822 in Australia, 508 in Canada and 660+ in the USA.