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News
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A Kmart timeline
graphic January 22, 2002: 10:42 a.m. ET

A look at important events in the retailer's history.
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  • Kmart files for bankruptcy, gets financing - Jan. 22, 2002
  • Fleming halts Kmart food shipments - Jan. 21, 2002
  • Singing the blue light blues - Jan. 18, 2002
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  • Kmart Corp.
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    NEW YORK (CNN/Money) - Kmart Corp. filed for protection from creditors Tuesday as the nation's No. 2 discounter became the biggest retailer to file for bankruptcy in the United States.

    Following is a brief history of the 103-year-old company.

    1899 - Sebastian S. Kresge founds S.S. Kresge Co.

    1918 - S.S. Kresge Co. becomes publicly traded on the New York Stock Exchange.

    1966 - Sales top $1 billion. S.S. Kresge runs 915 stores, including 162 Kmarts.

    1972 - Company moves headquarters to Troy, Mich.

    1977 - S.S. Kresge Co. changes its name to Kmart Corp (KM: Research, Estimates).

    1984 - Kmart purchases Walden Book Co. and Home Centers of America.

    1987 - Kmart starts relationship with Martha Stewart as spokeswoman and consultant.

    1990 - Buys sporting goods chain The Sports Authority.

    1991 - Acquires 90 percent of OfficeMax.

    1992 - Buys book retailer Borders Inc.

    1994 - Completes initial public offerings of 70 percent of The Sports Authority (TSA: Research, Estimates) and 75 percent of OfficeMax (OMX: Research, Estimates).

    1995 - Spins off Borders Group Inc. (BGP: Research, Estimates) and sells remaining stake in The Sports Authority and OfficeMax.

    2000 - Charles Conaway replaces Floyd Hall as chairman and CEO.

    2001 - Buys its BlueLight.com Internet service.

    Jan. 22, 2002 - Kmart files for Chapter 11 bankruptcy protection.

    -- Source: Kmart's Web site graphic

      RELATED STORIES

    Kmart files for bankruptcy, gets financing - Jan. 22, 2002

    Fleming halts Kmart food shipments - Jan. 21, 2002

    Singing the blue light blues - Jan. 18, 2002

      RELATED LINKS

    Kmart Corp.





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