Kmart's story began in 1899 as S.S. Kresge Company by Sebastian Spring Kresge when he launched a modest five-and-dime store in downtown Detroit and changed the retailing world. The low prices enticed many shoppers, allowing him to expand the business to 85 stores by 1912. In 1916, the Kmart name was incorporated, but its first store was opened in 1962. The chain purchased Sears in 2005 and formed a new corporation under the Sears Holding Corporation name.
Kmart has been synonymous for quality products at affordable prices. The company went through massive development and expansions throughout the years and prices may have changed, but their philosophy in business stayed the same, which is to offer their customers the products they need at prices they can afford to keep them coming back. As the company continues to operate stores across the country and the world, their customers are guaranteed that their communities will always have a wide selection of top-quality products at exceptional values.
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