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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. Vibhu Bhardwaj.
KNOXVILLE (WATE) â Sears Holdings Corporation said they are closing three stores in Tennessee . Howard Riefs, Director of Corporate Communications with Sears Holdings said the Kmart store in Cleveland will close to the public in mid-March. Stores in Clarksville and Memphis will close in mid-April.