MI. K Mart Corp., 1985 $Odd Specimen 12.75% Registered Bond, VF-XF ABN Blue

Description

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Description
MI. K Mart Corp., 1985 $Odd Specimen 12.75% Registered Bond, VF-XF ABN Blue. Kmart Corporation is an American big box department store chain headquartered in Hoffman Estates, Illinois, United States. The company was incorporated in 1899 as S. S. Kresge Corporation and renamed to Kmart Corporation in 1977. The first store with the Kmart name opened in 1962. At its peak in 2000, Kmart operated 2,171 stores including 105 Super Kmart Center locations. The chain’s management purchased Sears for billion in 2004, forming a new corporation under the name Sears Holdings Corporation; Kmart was transferred to the new Sears Holdings Corporation. For the 2005 fiscal year under the new company, the Kmart store count was at 1,416 with only 55 Super Kmart Center locations. As of August 4 2018, the Kmart store chain has 360 store locations. This number will decrease after future rounds of store closures. The last Super Kmart Center in Warren, Ohio, closed on April 8, 2018. Kmart currently operates a very scarce number of stores in 45 states, Puerto Rico, the Virgin Islands, and Guam (which houses the world's largest Kmart). Kmart formerly operated stores in Canada, Mexico, Singapore, and in Eastern Europe. In popular culture, Kmart became known for its "Blue Light Specials." These occurred at surprise moments when a store worker would light up a mobile police light and offer a discount in a specific department of the store, while announcing the discounted special over the store's public address system. At the height of Kmart's popularity, the phrase "Attention, Kmart shoppers!" entered into the American pop psyche, appearing in films and other media such as Troop Beverly Hills, Six Days Seven Nights, Rain Man, Beetlejuice, Madea Goes to Jail, and Dawn of the Dead, and as a recurring joke on The Tonight Show Starring Johnny Carson.
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