March 29, 2017 7:46 PM ET

Multiline Retail

Company Overview of Kmart Corporation

Company Overview

Kmart Corporation operates discount retail stores that markets general merchandise under Jaclyn Smith and Joe Boxer labels, as well as Sears brand products such as Kenmore, Craftsman, and DieHard. It also markets its products online. Kmart Corporation was formerly known as S. S. Kresge Company, Inc. and changed its name to Kmart Corporation in January 1977. The company was founded in 1899 and is based in Troy, Michigan. Kmart Corporation operates as a subsidiary of Sears Holdings Corporation.

3100 West Big Beaver Road

Troy, MI 48084

United States

Founded in 1899

Phone:

248-463-1000

Fax:

248-643-5249

Key Executives for Kmart Corporation

President and Chief Member Officer
Age: 45
Compensation as of Fiscal Year 2016.

Kmart Corporation Key Developments

Kmart to Close Maui and Honolulu Store

Kmart is closing its only Maui store, located on Dairy Road in Kahului, this summer. Kmart is also closing its store on Salt Lake Boulevard in Honolulu near Aloha Stadium on March 19, 2017. The Maui store will close to the public in mid-June with a liquidation sale starting on March 30.

Kmart to Close Stores in the City of St. Louis, Alton and Granite City

Kmart announced that the company is closing stores in the city of St. Louis, Alton and Granite City. More than 100 Kmart stores will close at the end of March 2017. The stores are located at 6650 Manchester Ave. in the city of St. Louis, 2851 Belt Line Parkway in Alton and 3655 Nameoki Road in Granite City. In addition, Kmarts in Branson, Jefferson City, Rolla and Springfield will close.

Sears Holdings Corporation Through Sears Roebuck Acceptance Corp. and Kmart Corporation Enter into Letter of Credit and Reimbursement Agreement

On December 28, 2016, Sears Holdings Corporation through Sears Roebuck Acceptance Corp. and Kmart Corporation (collectively, the Borrowers), entities wholly-owned and controlled, directly or indirectly by the Company, entered into a Letter of Credit and Reimbursement Agreement (the LC Facility Agreement) providing for a $500 million secured standby letter of credit facility (the LC Facility) from JPP, LLC and JPP II, LLC (collectively, the Lenders), with Citibank, N.A., serving as administrative agent and issuing bank (the Issuing Bank).

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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