A big national retailer is closing its last stores in Georgia, where it once reportedly considered moving its headquarters.

Kmart, which in years past had dozens of stores in the state, is shutting the only two Georgia stores the chain lists online. One is in Peachtree City. The other is in Covington.

A company spokesman wasn’t immediately available for comment.

Kmart and Sears are both owned by Sears Holdings. The latest closings are among 142 Kmart and Sears store shutdowns listed in Sears Holdings' bankruptcy protection filing Monday. The closings are expected by the end of the year, with liquidation sales anticipated to begin shortly.

Sears has filed for bankruptcy and plans to close over 100 stores. It is unknown if the Upper Valley Mall store will be one of them.

In 2004, Kmart considered moving its headquarters from Michigan to metro Atlanta, with plans for about 1,000 jobs, according to news reports at the time. That was shortly after the chain had emerged from another stint in bankruptcy court following bruising discount competition with Walmart and Target.

The move didn’t happen. Soon a deal was announced to combine Sears and Kmart, a chain once famous for its “bluelight specials,” sudden discounts announced in the store with flashing lights.

The pairing of Kmart and Sears didn’t keep them out of financial trouble. Both have undergone waves of store cuts. The parent company, with hundreds of remaining U.S. stores, is pushing to avoid a full shutdown.

Kmart’s roots go back to 1899 when the first S.S. Kresge Company five-and-dime store opened.


Kmart timeline:

1899 — Sebastian S. Kresge opens a five-and-dime store in Detroit.

1912 — Kresge chain grows to 85 stores.

1920s — S.S. Kresge Company opens new line of stores that only sell items for $1 or less.

1962 — First Kmart discount department store opens in a Detroit suburb. Sam Walton opens the first Walmart the same year.

1977 — S.S. Kresge Company changes name to Kmart Corporation.

1987 — Martha Stewart becomes a Kmart spokesperson. The relationship will continue for more than 20 years and include Martha Stewart-branded goods. Stewart later said she regretted not buying the company.

2002 — Struggling against competition from Walmart and Target, Kmart files for bankruptcy court protection. The chain, based in Troy, Mich., was down to about 2,114 stores.

2003 — Kmart emerges from bankruptcy protection.

2004 — Kmart and Sears, Roebuck & Co. announce they will combine.

Oct. 15, 2018 — Sears Holdings files for bankruptcy court protection. After years of cost cutting and store closings, the combined Sears and Kmart chains are down to hundreds of stores, with plans to soon close 142 more.

Sources: Sears Holdings and news reports

About the Author

Keep Reading

Among the many companies that could be affected by passage of the Trump bill is Qcells, the Korean-owned solar giant with a massive manufacturing presence in Georgia and just over 4,000 employees. (Miguel Martinez/AJC)

Credit: Miguel Martinez-Jimenez

Featured

UPS driver Dan Partyka delivers an overnight package. As more people buy more goods online, the rapid and unrelenting expansion of e-commerce is causing real challenges for the Sandy-Springs based company. (Bob Andres/AJC 2022)

Credit: TNS