About more than a century ago, Sebastian Spering Kresge opened a simple little five-and-dime store in downtown Detroit. This little store soon changed the entire landscape of retailing by evolving into a huge empire of 1500 physical stores and an online marketplace (i.e. Kmart.com) that attracts millions of customers each year.
The first Kresge store opened in 1899 and sold everything for 5 and 10 cents. The low prices won millions of hearts and allowed Sebastian to open 84 more stores till 1912. Even the war didn't stop Kresge stores which were always there to offer household supplies to families at prices they could afford. The prices have definitely changed with the passage of time, but the business philosophy remains the same i.e. to provide consumer products at prices everyone can afford. When Harry B. Cunningham became Kresge President in 1959, things started to change a little more vigorously and the company was able to open 271 Kmart Stores in just one year under his leadership. Soon enough, S.S.Kresge Company officially changed its name to Kmart Corporation as 95% of the company's sales were generated by Kmart stores.
Today, Kmart has become a symbol of America that stands for quality products at minimal prices. At present, Kmart operates as a subsidiary of Sears Holdings Corporation. It is widely known for the iconic Bluelight Special and family-friendly-in-store events for its beloved customers and Shop Your Way® members. Kmart is still hugely popular for its ridiculously amazing discounts and astonishing finds on quality products exclusive brands including Adam Levine, Route 66 and Smart Sense. Besides making shopping a fun experience for you, Kmart also makes it easy for you by offering a number of financial services like year-round layaway and leasing options.
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