What does KMART mean in Companies & Firms?

This page is about the meanings of the acronym/abbreviation/shorthand KMART in the Business field in general and in the Companies & Firms terminology in particular.

Named after its founder Sebastian S. Kresge

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What does KMART mean?

Kmart
Kmart, 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, the U.S. Virgin Islands, and Guam. As of January 29, 2011, Kmart operated a total of 1,307 Kmart stores across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands. This store count included 1,278 discount stores, averaging 93,000 sq ft, and 29 Super Centers, averaging 169,000 sq ft. 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, Rain Man, Beetlejuice, and Dawn of the Dead.

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"KMART." Abbreviations.com. STANDS4 LLC, 2014. Web. 27 Nov. 2014. <http://www.abbreviations.com/term/1429250>.

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