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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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    Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
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