What made you want to look up giddy? Include any comments and questions you have about this word.
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.
In a bid to arrest its declining sales numbers, Sears Holdings (shld) has shuttered a fleet of its namesake and Kmart stores. The retailer announced on Thursday that it would close 68 Kmart locations and 10 Sears stores this summer, leaving Kmart and Sears with fewer than 900 and 700 stores respectively. Comparable sales have declined every year since 2005, with net losses reaching a total of $8 billion for Sears since 2010.