Kresge's, the American chain of retail stores, eventually changed its name to Kmart Corporation. The company was founded by Sebastian S. Kresge in 1899 and by 1962, the decision was made to rebrand the stores as Kmart. The new name was chosen to reflect the company's commitment to offering quality products at affordable prices.
Over the years, Kmart grew to become one of the largest discount store chains in the United States, with locations in nearly every state. The company's iconic logo, featuring a red "K" with a blue "mart" underneath, became a familiar sight to shoppers across the country.
Despite its success, Kmart faced challenges in the late 20th century as competition from other retailers intensified. The company filed for bankruptcy in 2002 and again in 2018, leading to the closure of many stores and a restructuring of the business.
Today, Kmart continues to operate as a subsidiary of Transform Holdco LLC, with a focus on online sales and a smaller number of physical locations. While the company's presence has diminished compared to its heyday, Kmart remains a recognizable name in the retail industry.
For more information on the history of Kresge's and its transformation into Kmart Corporation, you can visit the following links:
Overall, the name change from Kresge's to Kmart marked a significant turning point in the company's history, reflecting its evolution from a traditional retail chain to a more modern and competitive brand.
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