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A Closer Look at the Kmart Corporation and Retail Stores Kmart is moving forward with the kind of determination that would have made SS Kresge proud The Company currently employs more than 170000 associates a far cry from the staff of 18 first employed at Kresges five and dime Kmart has a good business plan a strong core portfolio of stores customer loyalty earned over many years and the will to succeed As Kmart continues to operate stores across the country customers can be assured that their communities will always have the stuff of life a broad selection of top-quality products at exceptional values Scope Only five years after the Kmart Corporation was established under its new name the company opened the 2000th Kmart department store Within a decade Kmart underwent a major amount of growth The company acquired the Walden Book Company Home Centers of America launched the Jaclyn Smith signature sportswear collection and purchased two other stores the Sports Authority and OfficeMax In 1990 Kmart also launched a new logo replacing the turquoise-colored mart with white lettering but keeping the large red K making an effort to show Kmarts commitment to change MethodsSixteen years after Kmarts incorporation the company acquired Border Inc and entered the European market by purchasing 13 stores in the Czech Republic and Slovakia Two years later Kmart launched a new line of exclusive clothes and swimwear in partnership with Kathy Ireland That same year Kmart sold 75 percent of its interest in The Sports Authority OfficeMax and Borders Inc with completion of the sale by 1995 In 1997 Kmart introduced a new format of stores called the Big Kmart also known as Big K stores which included the addition of a new logo In the same year Kmart also launched a new line of bed and bath linens under the Martha Stewart brand name Along with the changes in format of the stores and lines offered through Kmart the
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