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The first Kmart store opened in Garden City, Michigan in March 1962. This March they have been in business for 46 years.
Traditional Kmart stores average between 80,000 to 110,000 sq. ft. in size.
The average Kmart store carries between 60,000 and 80,000 SKU’s.
Kmart, a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a mass merchandising company that offers customers quality products through a portfolio of exclusive brands and labels.
As of January 28, 2006, Kmart operated a total of 1,416 Kmart stores across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands. This store count included 1,361 discount stores, averaging 92,000 square feet, and 55 Super Centers, averaging 165,000 square feet.
Most Kmart stores are one-floor, free-standing units that carry a wide assortment of general merchandise, including products sold under such well-known labels as Jaclyn Smith, Joe Boxer, and Martha Stewart Everyday. Approximately 100 Kmart stores sell an assortment of Sears home appliances and by the end of 2006 it is expected that all Kmart stores will carry an assortment of Craftsman tools.
Approximately 1,100 Kmart stores also contain in-store pharmacies. The Super Centers generally operate 24-hours a day and combine a full-service grocery along with the general merchandise selection of a discount store.
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