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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.
Kmart is closing another 64 stores in the United States as the retailer continues to struggle with declining sales. The stores will begin liquidation sales on Sept. 22 and will close down by mid--December, a person familiar with the matter said late Monday. Here is a list of the stores closing, as first reported by Business Insider: Alabama.