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Yes, your KMart gift card will work at Sears. The company Sears Holdings has merged with KMart.
Yes, your KMart gift card will work at Sears. The company Sears Holdings has merged with KMart.
In 2005, Kmart purchased Sears for a roughly 12.3 billion deal. Kmart's world headquarters was located in Troy, Michigan, but since the purchase of Sears, it has been relocated to Hoffman Estates in Chicago, Illinois.
Kmart bought out Sears in 2005 and formed a new corporation: Sears Holdings Corporation.
Sears, Roebuck and Company was formed in 1893, making it 116 years old in 2009. The company has gone through several changes in that time and most recently merged with Kmart in 2005, forming the Sears Holdings Corporation.
Kmart is owned by the Sears Holdings Corporation, which like any corporation, is owned by shareholders. A CEO on day took over both kmart and sears and decided to name it sears holdings because sears has a better reputation than kmart.
SHC operates under the name of Sears, Sears Outlet, Kmart, Big Kmart, Super Kmart, The Great Indoors, Craftsman, Kenmore and Lands End.
SEARS and KMART
The first Kmart opened in 1962. In 1977, the S. S. Kresge Corporation changed its name to the Kmart Corporation. In 2005 Sears Holdings Corporation became the parent of Kmart and Sears, after Kmart bought Sears, and formed the new parent.
The Sears company falls under the larger Sears Holdings Corporation since they merged with Kmart in 2005. Sears Holdings Corporation trades on the NASDAQ under the ticker symbol SHLD. As of end of trading day 4/15/2008 it was $101.32/share.
Kmart and Sears are currently adding wifi to their stores.