Kmart is an American chain of discount department stores headquartered in the United States. Many people have shopped at Kmart, but they have probably never given much thought to the name of the company. No doubt only a few people know what the K stands for in Kmart, sometime written as K-Mart.
Sebastian S. Kresge was the founder of the S.S. Kresge dime store chain. Therefore, the K in Kmart stands for "Kresge" even though Kresge retired as president of the company in 1929, long before there was any such thing as a Kmart. However, his name continued to grace the firm's stores.
Kresge died on Oct. 18, 1966. In 1977, S. S. Kresge Corporation changed its name to Kmart Corporation.
S.S. Kresge Corportion opened the first Kmart store on Mar. 1, 1962, in Garden City, Michigan just four months before the first Walmart opened. A total of eighteen Kmart stores opened that year. Kmart is the third largest discount store chain in the world, behind Walmart and Target
As of Feb. 2, 2013, Kmart operates a total of 1,221 Kmart stores in 49 states of the United States, Puerto Rico, Virgin Islands, and Guam. In fact, Guam has the world's largest Kmart.
When you shop at Kmart from now on, you will know what the K in Kmart stands for.