On April 12, 2018, Sears announced plans to close and auction 16 of its Sears stores, and close several more Kmart locations, but did not specify how many. Kmart disclosed to investors that its plan for emerging from bankruptcy would make its old stock worthless.
. Please update this article to reflect recent events or newly available information. Find nearby store locations. Dates are subject to change should circumstances require. , In 2012, Mercy for Animals, a non-profit organization working against cruelty to farmed animals, conducted an infiltration at Christensen Farms, a pork supplier to Kmart, Walmart and Costco, obtaining hidden-camera footage of pigs confined in small gestation crates and cruelty to piglets. 1-800-377-8634 When a federal judge in Chicago approved Kmart’s reorganization April 22, the news led to a jump in volume of shares traded the next day to 133 million shares from 21 million the day before. In 1977, S.S. Kresge Company changed its name to K Mart Corporation. Around the time of the opening of the first Kmart, some poorly performing S.S. Kresge stores were converted to a new "Jupiter Discount Stores" brand, which was conceived as a bare-bones, deep discount outfit. Their CART drivers included Nigel Mansell and the father-son duo of Michael and Mario Andretti. Sears will close 63 more stores.  This was the first mass-closing post-bankruptcy for the brand since being bought by ESL. By the fourth quarter of 2003, Kmart posted its first profitable quarter in three years, although it has since returned to an operating loss. Kmart closed five Montreal stores and several other Quebec stores in 1983 due to the company restructuring.  The 4,000 sq ft (370 m2) store-within-a-store opened inside the former garden department of a Birmingham, Alabama, Kmart. On April 14, announcing that its creditors had accepted the bankruptcy plan, Kmart said it “considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have no value.”. On December 28, 2018, Sears Holdings announced it would close 80 additional stores, including 37 Kmart stores, which includes the only remaining Kmart in Missouri, in Crystal City, the only remaining Kmart in South Dakota, in Rapid City, the only remaining Kmart in Nebraska, in Alliance, the only remaining Kmart in Louisiana, in Metairie, and the only remaining Kmart in Mississippi, in Gulfport. Kresge retired as president in 1925. , In 1981, the 2,000th Kmart store opened.  The tribute honors Kmart for the most well-developed, proactive program in the areas of charity, community development, diversity, philanthropy, and associate development. In 2006, the company discontinued the Sears Essentials name, and renamed all of the Sears Essentials stores as Sears Grand stores. The company was incorporated in 1899 as S. S. Kresge Corporation and renamed Kmart Corporation in 1977. , In November 2009, Kmart reported its first year-over-year sales increase of 0.5% since 2005, and only the second such increase since 2001.  However, damage suffered during the George Floyd protests in late May forced this to occur several weeks earlier.
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