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Kmart has been around for over 40 years, but a man named Sebastian Kresge set the foundation of the company much earlier in 1899. ... Kresge’s president at the time, opened the first Kmart, which was to be a discount department store. ... continued to focus its resources throughout the seventies on opening more and more Kmart stores until the majority of the stores were Kmart stores. ... Kresge Company formally changed its name to Kmart Corp. During the eighties and early nineties, Kmart removed focus from its stores and started pouring money into acquisitions such as Walden Book Co. ...
In 1990, Kmart realized that in order to stay competitive it would need to put the focus back into their own stores, so they poured $3.5 Billion into renovating stores, names and logos to where they have their new logo today, along with the Big Kmart’s, their answer to Wal-Mart’s super centers.
Approximate Word count = 651
Approximate Pages = 2.6
(250 words per page double spaced)
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