Kmart History Timeline
K-mart Timeline:
1899 - S.S. Kresge Company founded by Sebastian S. Kresge.
1912 - S.S. Kresge Company incorporated in Delaware with 85 stores and sales of $10,325,000.
1916 - S.S. Kresge Company reincorporated in Michigan.
1918 - S.S. Kresge Company became a publicly traded company and was listed on the New York Stock Exchange (NYSE).
1929 - Canadian subsidiary S.S. Kresge Company, Ltd. was founded. By year end, 19 stores were operating in Canada.
1952 - S.S. Kresge Company was one of the first retailers to convert stores to checkout operations and to open stores in shopping centers.
1962 - With Harry B. Cunningham as president, the company opened the first Kmart discount department store in a suburb of Detroit. …show more content…
2001 - Kmart announced it will develop, produce and sell two new exclusive product lines through licensing agreements - Disney® children's clothing and JOE BOXER® apparel and home fashions.
2001 - Kmart acquired BlueLight.com, the company's e-commerce subsidiary.
2002 - Kmart filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code, and announced the closing of 283 stores.
2002 - Chuck Conaway resigned as Chairman and CEO as board member James B. Adamson was appointed to serve as the company's new Chairman and Chief Executive Officer. Julian C. Day was appointed President and Chief Operating Officer.
2002 - Kmart debuted a new, exclusive line of Disney children's clothing under a direct-to-retail licensing agreement.
2002 - Kmart launched the JOE BOXER® fashion line under a long-term, exclusive agreement with JOE BOXER, a wholly owned division of Windsong/Allegiance Apparel …show more content…
Jim Adamson would serve as Non-Executive Chairman of Kmart's Board of Directors through the end of the reorganization case.
January 24 - Kmart filed its proposed Plan of Reorganization and announced an investment agreement with the Plan Investors, ESL Investments, Inc. and Third Avenue Value Fund.
February 25 - Kmart received Court approval to distribute its Disclosure Statement and First Amended Joint Plan of Reorganization to creditors and began to solicit acceptances of the Plan.
April 23 - The U.S. Bankruptcy Court in Chicago entered an order confirming Kmart's First Amended Joint Plan of Reorganization, as modified, following a strong vote in favor of the Plan by the Company's creditors. With this milestone achieved, the Company targeted emergence from Chapter 11 in early May 2003.
May 6 - Kmart completed its fast-track reorganization and emerged from Chapter 11 as a new and vital enterprise. The Company also closed on its $2 billion exit financing facility. Edward S. Lampert was elected Chairman of the new Board of Directors of Kmart Holding Corporation.
June 10 - The common stock will begin trading on the NASDAQ National Market under the symbol
1899 - S.S. Kresge Company founded by Sebastian S. Kresge.
1912 - S.S. Kresge Company incorporated in Delaware with 85 stores and sales of $10,325,000.
1916 - S.S. Kresge Company reincorporated in Michigan.
1918 - S.S. Kresge Company became a publicly traded company and was listed on the New York Stock Exchange (NYSE).
1929 - Canadian subsidiary S.S. Kresge Company, Ltd. was founded. By year end, 19 stores were operating in Canada.
1952 - S.S. Kresge Company was one of the first retailers to convert stores to checkout operations and to open stores in shopping centers.
1962 - With Harry B. Cunningham as president, the company opened the first Kmart discount department store in a suburb of Detroit. …show more content…
2001 - Kmart announced it will develop, produce and sell two new exclusive product lines through licensing agreements - Disney® children's clothing and JOE BOXER® apparel and home fashions.
2001 - Kmart acquired BlueLight.com, the company's e-commerce subsidiary.
2002 - Kmart filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code, and announced the closing of 283 stores.
2002 - Chuck Conaway resigned as Chairman and CEO as board member James B. Adamson was appointed to serve as the company's new Chairman and Chief Executive Officer. Julian C. Day was appointed President and Chief Operating Officer.
2002 - Kmart debuted a new, exclusive line of Disney children's clothing under a direct-to-retail licensing agreement.
2002 - Kmart launched the JOE BOXER® fashion line under a long-term, exclusive agreement with JOE BOXER, a wholly owned division of Windsong/Allegiance Apparel …show more content…
Jim Adamson would serve as Non-Executive Chairman of Kmart's Board of Directors through the end of the reorganization case.
January 24 - Kmart filed its proposed Plan of Reorganization and announced an investment agreement with the Plan Investors, ESL Investments, Inc. and Third Avenue Value Fund.
February 25 - Kmart received Court approval to distribute its Disclosure Statement and First Amended Joint Plan of Reorganization to creditors and began to solicit acceptances of the Plan.
April 23 - The U.S. Bankruptcy Court in Chicago entered an order confirming Kmart's First Amended Joint Plan of Reorganization, as modified, following a strong vote in favor of the Plan by the Company's creditors. With this milestone achieved, the Company targeted emergence from Chapter 11 in early May 2003.
May 6 - Kmart completed its fast-track reorganization and emerged from Chapter 11 as a new and vital enterprise. The Company also closed on its $2 billion exit financing facility. Edward S. Lampert was elected Chairman of the new Board of Directors of Kmart Holding Corporation.
June 10 - The common stock will begin trading on the NASDAQ National Market under the symbol