Q:

Is Kmart going out of business?

A:

As of 2014, the retail store Kmart is not going out of business. However, Kmart's parent company Sears Holdings Corporation closed over 100 Kmart locations starting in December 2011 and is continuing to close stores.

Sears Holdings Corporation began closing Kmart locations to make more money after a period of falling sales and deteriorating stores. The company declared in 2011 that it would no longer prop up marginally performing locations. As of early 2014, Kmart closed stores in locations in Ohio, Florida, Illinois, Minnesota, South Carolina, Wisconsin, North Carolina, New York, Missouri, Pennsylvania, New Jersey, California, Virginia and New Mexico.


Is this answer helpful?

Similar Questions

  • Q:

    What does the "K" in Kmart stand for?

    A:

    According to the Sears Holdings Corporation, the "K" in Kmart stands for the store's original founder's last name, Sebastian Spering Kresge. When the first store opened in 1899, it was called the S.S. Kresge Company.

    Full Answer >
    Filed Under:
  • Q:

    How can I contact the Ross Stores corporate office?

    A:

    The corporate headquarters for Ross Stores, which does business in California as Ross Dress for Less, is located at 5130 Hacienda Drive, Dublin, Calif. 94568. The chain originally opened in Pacifica, Calif. in 1950, and it was headquartered in Pleasanton, Calif. for a time.

    Full Answer >
    Filed Under:
  • Q:

    Why is McDonald's a transnational corporation?

    A:

    McDonald's is a transnational corporation because it operates facilities and does business in many countries around the world. It does not consider one country its national home.

    Full Answer >
    Filed Under:
  • Q:

    What is a high-value customer?

    A:

    High-value customers are clients on whom the survival or profitability of a business depends, according to Chief Marketer Network. Without these customers, a business loses its competitive advantage and market share, resulting in decreased performance. In worse scenarios, loss of high-value customers could result in a bad reputation or the collapse of a business. Hence, these customers should receive highly personalized care and attention from business owners and employees.

    Full Answer >
    Filed Under:

Explore