Holdings Corporation ("Holdings," "we," "our," or
the "Company") (NASDAQ: SHLD) today announced a
series of actions to position the Company to
establish a sustainable capital structure, continue
streamlining its operating model and grow profitably
for the long term. To facilitate these actions,
the Company and
certain of its subsidiaries have filed voluntary
petitions for relief under Chapter 11 of the
Bankruptcy Code in the U.S.
Bankruptcy Court for the Southern District of New
York (the "Court").
a wholly owned subsidiary of Sears Holdings
Corporation, is a mass merchandising company that
offers customers quality products through a
portfolio of exclusive brands and labels.
January 31, 2009, Holdings operated a total of 1,368
Kmart stores across 49 states, Guam, Puerto Rico,
and the U.S. Virgin Islands. This store count
consist of 1,321 discount stores, averaging 92,000
square feet, and 47 Super Centers, averaging 166,000
Most Kmart stores are one-floor, free-standing
units that carry a wide assortment of general
merchandise, including products sold under such
well-known labels as Jaclyn Smith, Joe Boxer and
Martha Stewart Everyday, and certain proprietary
Sears brand products, such as Kenmore, Craftsman,
and DieHard brand products, and services.
As of January 31, 2009, approximately 290 Kmart
stores were selling an assortment of major home
appliances, including Kenmore-branded products.
Kmart began operating its own footwear business,
which had previously been operated by a third party,
in January 2009. There are 1,025 Kmart stores which
also operate in-store pharmacies. The Super Centers
generally operate 24 hours a day and combine a
full-service grocery along with the general
merchandise selection of a discount store. There are
also 20 Sears Auto Centers operating in Kmart
stores. Sears Auto Centers offer a variety of
professional automotive repair and maintenance
services as well as a full assortment of automotive
accessories. Kmart also sells its products through
its kmart.com website.
KMART STORE FACTS
Big Kmart - Big Kmart signals a different
kind of Kmart. These stores are bigger, brighter and
offer big savings, big value, big selection and big
- Big Kmart stores are designed to increase
store sales by increasing the frequency of
customer visits. The format focuses on three
distinct businesses - home fashions, children's
apparel and consumables - and features an
expanded food area known as the "Pantry."
- The layout makes it easier for customers to
shop by placing the departments our customers
want to shop near one another, and closer to the
front of the store.
- The average Big Kmart carries nearly 100,000
stock-keeping units (SKU's).
- Big Kmart stores average between 84,000 to
120,000 sq. ft. in size.
- The first Big Kmart opened in Chicago,
Illinois on April 23, 1997.
Kmart Super Centers - Kmart Super Centers
are combination full-service grocery and general
merchandise stores. Most Kmart Super Centers operate
24-hours a day and offer special services.
- Kmart Super Centers range in size from
140,000 to 190,000 sq. ft.
- Kmart Super Centers feature in-house
bakeries, USDA fresh meats, fresh seafood -
delivered daily of course, a full delicatessen
and a variety of specialty food kiosks.
- The average Kmart Super Center carries
between 100,000 and 150,000 SKU's.
Traditional Kmart Stores - The traditional
Kmart store is the one most people recognize.
- Traditional Kmart stores average between
80,000 to 110,000 sq. ft. in size.
- Kmart stores carry a full selection of
general merchandise and include a Pharmacy.
- The average Kmart store carries between
60,000 and 80,000 SKU's.
- The first Kmart store opened in Garden City,
Michigan in March 1962.
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