{"id":4063,"date":"2009-05-29T10:00:23","date_gmt":"2009-05-29T14:00:23","guid":{"rendered":"http:\/\/www.AchieveMax.com\/blog\/?p=4063"},"modified":"2013-06-27T10:31:06","modified_gmt":"2013-06-27T14:31:06","slug":"what-you-may-not-know-about-kmart","status":"publish","type":"post","link":"https:\/\/achievemax.com\/blog\/2009\/05\/29\/what-you-may-not-know-about-kmart\/","title":{"rendered":"What You May Not Know About Kmart"},"content":{"rendered":"

Most everyone today is familiar with Kmart\u2014or what they think is Kmart. It has been around since 1899 (110 years) and began as S.S. Kresge stores in the form of what was then called “five-and-dimes.” In 1962, it emerged with a new image of the giant box stores and changed its name to Kmart.<\/p>\n

Once the #1 discount retailer in North America and many other countries, Kmart is now ranked 3rd behind Wal-Mart and Target … both of which opened their doors in 1962 (47 years ago). Kmart is ranked 29th in the top-250 global retailers where Wal-Mart is first and Target is 7th.<\/p>\n

Since purchasing Sears in 2004 for $11 billion, Kmart has done little to regain prominence in a very competitive retail environment. Many experts predict the demise of the retail icon if major changes aren’t initiated in the very near future.<\/p>\n

While most people are aware of the continual decline of this one-time retail giant, very few are familiar with its colorful history. The average shopper obviously knows Kmart and many baby boomers will remember the friendly atmosphere of the Kresge store. However, very few remember the many other divisions of this colorful organization. Do you?<\/p>\n