About Kmart Corporation

Attention Kmart shoppers: Kmart is a leading US discount retailer, behind Wal-Mart, Target, and Kohl's. 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 about 1,150 off-mall stores (including 17 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 840 locations house in-store pharmacies. Poor sales have forced its parent, Sears Holdings Corp., to close more than 300 Kmart stores since merging Kmart with Sears in 2005. Kmart also operates the kmart.com website, which includes merchandise from Sears.

Financial Performance

Kmart's sales continued their steady descent in fiscal 2014 (ended January), down 9% versus the prior year, to $13.2 billion. The retailer blamed its shrinking store count and competition from rival chains, including Target and Kohl's, for the decline. Falling same-store sales of 4% in fiscal 2014 reflected declines across most of its merchandise categories, most notably in the grocery and household, consumer electronics, pharmacy, and toy departments. Kmart was unprofitable in fiscal 2014, reporting an operating loss of $351 million, as compared to a profit of $5 million in fiscal 2013.

Strategy

The pairing of Sears and Kmart in 2005 was intended to leverage the strengths of both chains by making their products, brands, and services available through more locations and distribution channels. Sears, which has long sought a way to diversify away from the shopping mall, was attracted to Kmart's off-mall locations. But the combination has proved disappointing. Both retailers have suffered from falling same-store sales as they fail to attract customers.

Indeed, the Kmart chain is shrinking, closing 70, 92, and 18 stores in fiscal years 2014, 2013, and 2012, respectively. Once the third-largest US discounter behind Wal-Mart and Target, the chain has lost ground to growing chains, such as Kohl's.

Sears, meanwhile, has taken advantage of cross-selling opportunities by offering proprietary Sears brands, including Craftsman, Diehard, and Kenmore products, in Kmart stores. The sale of Kenmore brand appliances is meant to help Kmart differentiate itself from its larger rivals, Wal-Mart and Target, which stock a more limited range of appliances. Kmart stores have been remodeled to offer Sears brand appliances and Sears plans to continue to roll out its home appliances to more Kmart stores. There are also about 15 Sears Auto Centers operating in Kmart stores.

To court customers, Kmart continues to offer its layaway program, and has expanded the way customers can receive their purchases, allowing them to buy online and pick up at more than 1,000 of its stores. Kmart also participates in its parent company's Shop Your Way program, a social shopping experience that allows members to earn points and benefits across a number of physical and digital formats.

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Kmart Corporation

3333 Beverly Rd
Hoffman Estates, IL 60179-0001
Phone: 1 (847) 286-2500
Fax: 1 (248) 463-2514

Stats

  • Employer Type: Subsidiary
  • Chief Marketing Officer: Kelly N. Cook
  • President and Chief Member Officer: Alasdair James
  • President, Kmart Pharmacy: Phil Keough
  • Employees: 45,000

Major Office Locations

  • Hoffman Estates, IL

Other Locations

  • Centre, AL
  • Decatur, AL
  • Muscle Shoals, AL
  • Rainbow City, AL
  • Selma, AL
  • Cabot, AR
  • Jacksonville, AR
  • Little Rock, AR
  • Russellville, AR
  • Lake Havasu City, AZ
  • Peoria, AZ
  • Prescott Valley, AZ
  • Tolleson, AZ
  • Tucson, AZ
  • Antioch, CA
  • Apple Valley, CA
  • Arroyo Grande, CA
  • Atascadero, CA
  • Auburn, CA
  • Barstow, CA
  • Big Bear Lake, CA
  • Bishop, CA
  • Burbank, CA
  • Camarillo, CA
  • Chico, CA
  • Clovis, CA
  • Concord, CA
  • Costa Mesa, CA
  • Delano, CA
  • Desert Hot Springs, CA
  • Freedom, CA
  • Goleta, CA
  • Grass Valley, CA
  • Harbor City, CA
  • Hayward, CA
  • Hollister, CA
  • Lakeport, CA
  • Lemoore, CA
  • Long Beach, CA
  • Los Angeles, CA
  • Manteca, CA
  • Mckinleyville, CA
  • Mira Loma, CA
  • Modesto, CA
  • North Hollywood, CA
  • Oakdale, CA
  • Ontario, CA
  • Paradise, CA
  • Petaluma, CA
  • Pinole, CA
  • Placerville, CA
  • Ramona, CA
  • Redlands, CA
  • Redwood City, CA
  • Ridgecrest, CA
  • Riverside, CA
  • Sacramento, CA
  • Salinas, CA
  • San Leandro, CA
  • Santa Maria, CA
  • Santa Paula, CA
  • Scotts Valley, CA
  • South Lake Tahoe, CA
  • Spring Valley, CA
  • Stockton, CA
  • Tehachapi, CA
  • Temecula, CA
  • Temple City, CA
  • Visalia, CA
  • West Covina, CA
  • Arvada, CO
  • Boulder, CO
  • Brighton, CO
  • Glenwood Springs, CO
  • Loveland, CO
  • Pueblo, CO
  • Milford, CT
  • New Milford, CT
  • Putnam, CT
  • Vernon Rockville, CT
  • Watertown, CT
  • Bear, DE
  • Newark, DE
  • Rehoboth Beach, DE
  • Wilmington, DE
  • Boca Raton, FL
  • Bradenton, FL
  • Brandon, FL
  • Clearwater, FL
  • Clermont, FL
  • Clewiston, FL
  • Crystal River, FL
  • Ellenton, FL
  • Fort Myers, FL
  • Fort Walton Beach, FL
  • Gainesville, FL
  • Hollywood, FL
  • Kenneth City, FL
  • Key Largo, FL
  • Key West, FL
  • Lantana, FL
  • Lehigh Acres, FL
  • Live Oak, FL
  • Marathon, FL
  • Miami, FL
  • Miami Lakes, FL
  • Mount Dora, FL
  • Naples, FL
  • New Smyrna Beach, FL
  • Niceville, FL
  • Ocala, FL
  • Temple Terrace, FL
  • Vero Beach, FL
  • Winter Park, FL
  • Zephyrhills, FL
  • Calhoun, GA
  • Covington, GA
  • Decatur, GA
  • Forest Park, GA
  • Fort Oglethorpe, GA
  • Jesup, GA
  • Kennesaw, GA
  • Newnan, GA
  • Peachtree City, GA
  • Savannah, GA
  • Honolulu, HI
  • Kailua Kona, HI
  • Lihue, HI
  • Algona, IA
  • Atlantic, IA
  • Charles City, IA
  • Cherokee, IA
  • Council Bluffs, IA
  • Des Moines, IA
  • Keokuk, IA
  • Oelwein, IA
  • Sioux City, IA
  • Webster City, IA
  • Lewiston, ID
  • Nampa, ID
  • Twin Falls, ID
  • Addison, IL
  • Bloomingdale, IL
  • Bridgeview, IL
  • Chicago, IL
  • Des Plaines, IL
  • Homer Glen, IL
  • Manteno, IL
  • Moline, IL
  • Mount Vernon, IL
  • Norridge, IL
  • Quincy, IL
  • Rockford, IL
  • Rome, IL
  • Springfield, IL
  • Steger, IL
  • West Frankfort, IL
  • Wood River, IL
  • Elwood, IN
  • Gas City, IN
  • Griffith, IN
  • Indianapolis, IN
  • Jasper, IN
  • Kokomo, IN
  • Peru, IN
  • Richmond, IN
  • Valparaiso, IN
  • Warsaw, IN
  • Hutchinson, KS
  • Kansas City, KS
  • Lawrence, KS
  • Salina, KS
  • Shawnee Mission, KS
  • Wichita, KS
  • Edgewood, KY
  • Grayson, KY
  • Russell Springs, KY
  • Somerset, KY
  • Lake Charles, LA
  • Mandeville, LA
  • Metairie, LA
  • Acton, MA
  • Billerica, MA
  • Brockton, MA
  • Holyoke, MA
  • Hyannis, MA
  • Palmer, MA
  • Plymouth, MA
  • Somerville, MA
  • Tewksbury, MA
  • Baltimore, MD
  • Crofton, MD
  • Edgewater, MD
  • Frederick, MD
  • Gaithersburg, MD
  • Hagerstown, MD
  • Hyattsville, MD
  • Oxon Hill, MD
  • Pasadena, MD
  • Prince Frederick, MD
  • Silver Spring, MD
  • Stevensville, MD
  • Sykesville, MD
  • Auburn, ME
  • Augusta, ME
  • Bangor, ME
  • Madawaska, ME
  • Waterville, ME
  • Charlevoix, MI
  • Clio, MI
  • Garden City, MI
  • Grayling, MI
  • Hastings, MI
  • Holland, MI
  • Lake Orion, MI
  • Marine City, MI
  • Marshall, MI
  • Menominee, MI
  • Midland, MI
  • Oscoda, MI
  • Port Huron, MI
  • Saint Clair Shores, MI
  • Sterling Heights, MI
  • Sturgis, MI
  • Troy, MI
  • Van Buren Twp, MI
  • Warren, MI
  • Waterford, MI
  • White Lake, MI
  • Woodhaven, MI
  • Duluth, MN
  • International Falls, MN
  • Minneapolis, MN
  • New Ulm, MN
  • Rochester, MN
  • Saint Paul, MN
  • Shakopee, MN
  • Bridgeton, MO
  • Cape Girardeau, MO
  • Crystal City, MO
  • Florissant, MO
  • Kansas City, MO
  • Rolla, MO
  • Saint Joseph, MO
  • Columbus, MS
  • Gulfport, MS
  • Natchez, MS
  • Southaven, MS
  • Great Falls, MT
  • Hamilton, MT
  • Havre, MT
  • Kalispell, MT
  • Asheville, NC
  • Clemmons, NC
  • Concord, NC
  • Franklin, NC
  • Kill Devil Hills, NC
  • Midway Park, NC
  • Morehead City, NC
  • Morganton, NC
  • Raleigh, NC
  • Salisbury, NC
  • Sanford, NC
  • Statesville, NC
  • Thomasville, NC
  • Waynesville, NC
  • Bismarck, ND
  • Fargo, ND
  • Grand Forks, ND
  • Minot, ND
  • Alliance, NE
  • Hooksett, NH
  • Nashua, NH
  • Salem, NH
  • West Lebanon, NH
  • Avenel, NJ
  • Belleville, NJ
  • Elmwood Park, NJ
  • Glassboro, NJ
  • Jersey City, NJ
  • Kearny, NJ
  • Passaic, NJ
  • Somers Point, NJ
  • Somerset, NJ
  • Toms River, NJ
  • Trenton, NJ
  • Vineland, NJ
  • Wall Township, NJ
  • Wayne, NJ
  • West Long Branch, NJ
  • West Orange, NJ
  • Westwood, NJ
  • Albuquerque, NM
  • Farmington, NM
  • Las Cruces, NM
  • Rio Rancho, NM
  • Roswell, NM
  • Santa Fe, NM
  • Elko, NV
  • Las Vegas, NV
  • Reno, NV
  • Sparks, NV
  • Batavia, NY
  • Bath, NY
  • Bohemia, NY
  • Bridgehampton, NY
  • Bronx, NY
  • Buffalo, NY
  • Farmingville, NY
  • Greenwich, NY
  • Horseheads, NY
  • Huntington, NY
  • Jamestown, NY
  • Lackawanna, NY
  • Mahopac, NY
  • Middle Village, NY
  • New York, NY
  • Niagara Falls, NY
  • Poughkeepsie, NY
  • Queensbury, NY
  • Riverhead, NY
  • Rochester, NY
  • Rosedale, NY
  • Schenectady, NY
  • Sidney, NY
  • Staten Island, NY
  • Syracuse, NY
  • Wellsville, NY
  • West Babylon, NY
  • West Seneca, NY
  • White Plains, NY
  • Yorktown Heights, NY
  • Barberton, OH
  • Cambridge, OH
  • Canton, OH
  • Chillicothe, OH
  • Cleveland, OH
  • Columbus, OH
  • East Liverpool, OH
  • Englewood, OH
  • Fostoria, OH
  • Grove City, OH
  • Groveport, OH
  • Harrison, OH
  • Lima, OH
  • Marietta, OH
  • Milford, OH
  • Seven Hills, OH
  • Streetsboro, OH
  • Tallmadge, OH
  • Warren, OH
  • Zanesville, OH
  • Ada, OK
  • Clinton, OK
  • Ponca City, OK
  • Beaverton, OR
  • Bend, OR
  • Corvallis, OR
  • Gresham, OR
  • Portland, OR
  • The Dalles, OR
  • Woodburn, OR
  • Allentown, PA
  • Altoona, PA
  • Berwick, PA
  • Broomall, PA
  • Carlisle, PA
  • Chambersburg, PA
  • Clifton Heights, PA
  • Columbia, PA
  • Doylestown, PA
  • Easton, PA
  • Elizabethtown, PA
  • Ephrata, PA
  • Erie, PA
  • Franklin, PA
  • Harrisburg, PA
  • Holmes, PA
  • Honesdale, PA
  • Hummelstown, PA
  • Kingston, PA
  • Latrobe, PA
  • Lebanon, PA
  • Leechburg, PA
  • Matamoras, PA
  • Mc Murray, PA
  • Morrisville, PA
  • New Castle, PA
  • New Kensington, PA
  • North Versailles, PA
  • Philadelphia, PA
  • Phoenixville, PA
  • Pittsburgh, PA
  • Reading, PA
  • Sayre, PA
  • Thorndale, PA
  • Towanda, PA
  • Walnutport, PA
  • West Chester, PA
  • Wilkes Barre, PA
  • Williamsport, PA
  • Willow Street, PA
  • Wind Gap, PA
  • Cayey, PR
  • Mayaguez, PR
  • San Juan, PR
  • Yauco, PR
  • Johnston, RI
  • Beaufort, SC
  • Greenville, SC
  • Lexington, SC
  • Mauldin, SC
  • North Charleston, SC
  • Rock Hill, SC
  • Seneca, SC
  • Simpsonville, SC
  • Sumter, SC
  • West Columbia, SC
  • Huron, SD
  • Rapid City, SD
  • Franklin, TN
  • Goodlettsville, TN
  • Greeneville, TN
  • Kingsport, TN
  • Knoxville, TN
  • Lebanon, TN
  • Sevierville, TN
  • Corpus Christi, TX
  • Denton, TX
  • El Paso, TX
  • Humble, TX
  • Laredo, TX
  • Paris, TX
  • Portland, TX
  • Provo, UT
  • Richfield, UT
  • Salt Lake City, UT
  • St George, UT
  • Annandale, VA
  • Burke, VA
  • Chesapeake, VA
  • Christiansburg, VA
  • Colonial Heights, VA
  • Hampton, VA
  • Herndon, VA
  • Springfield, VA
  • Tabb, VA
  • Virginia Beach, VA
  • Waynesboro, VA
  • Williamsburg, VA
  • Bennington, VT
  • Rutland, VT
  • Bellingham, WA
  • Burlington, WA
  • Kent, WA
  • Shoreline, WA
  • Spokane, WA
  • Tacoma, WA
  • Wenatchee, WA
  • Cudahy, WI
  • Green Bay, WI
  • Kenosha, WI
  • Mauston, WI
  • Menomonee Falls, WI
  • Milwaukee, WI
  • Oconomowoc, WI
  • Oshkosh, WI
  • Platteville, WI
  • Racine, WI
  • Ripon, WI
  • Waupaca, WI
  • Charleston, WV
  • Elkview, WV
  • Morgantown, WV
  • Saint Albans, WV
  • Scott Depot, WV
  • Casper, WY
  • Gillette, WY
  • Jackson, WY
  • Laramie, WY
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