KMart

KMART
  • 1962: Harry B. Cunningham, president of the S.S. Kresge Co. develops Kmart. The first store opens in a Detroit suburb. Seventeen more stores open the first year.
  • 1968: Greensboro’s first Kmart store opens at 2401 Randleman Road.
  • 1972: Greensboro’s second Kmart store opens on West Market Street, the 14th store in North Carolina, and 518th in the U.S.
  • 1976: More than a 1,000 Kmarts are in operation. Began closing some of the food stores. The Kmart grocery on West Market closes.
  • 1987: KMart agrees to be the 1988 title sponsor of the Greater Greensboro Open golf tournament. The event is called the Kmart Greater Greensboro Open and carries a $1 million purse, the largest in the then 50-year history of tournament.
  • 1989: Opens a fourth Greensboro store at Westridge Square on Battleground Avenue.
  • 1990: Purchases 94 acres to build a $40 million, 35.5 acre distribution center. Roads widen or intersections improved to accommodate the center: Penry Road, Wendover Avenue (U.S. 70), Old Burlington Road (U.S. 70A), and Painter Boulevard.
  • 1992: The Greensboro distribution center opens, employing 400.
  • 1995: Kmart decides not to renew its contract with the GGO Tournament after the 1996 tournament.
  • 1995: Super Kmart Center on Bridford Parkway opens.
  • 2002: Files Chapter 11 bankruptcy protection, closes about 600 stores, terminates 57,000 Kmart employees and cancels company stock.
  • 2003: Emerges from bankruptcy.
  • 2004: Kmart Holding Corp acquires Sears, Roebuck and Co. for $11 billion.
  • 2013: Peters Creek Parkway Kmart in Winston-Salem closed. The store employed 69.
  • 2014:The Kmart at 1302 Bridford Parkway in Greensboro will close by Nov. 2., eliminating 96 jobs. The store at 2850 S. Main St. in High Point is scheduled to close in September, eliminating 71 jobs.


Compiled by Diane Lamb News & Record News Researcher

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