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.
Report Abuse. 1  Did Sears Buy Kmart. 2  Kmart Bought Sears. 3  Did Kmart Buy Sears. 4  RE: Billionaire investor Edward Lampert purchased K-mart when it was in bankruptcy in 2003.  Billionaire investor Edward Lampert purchased Kmart out of bankruptcy in 2003 and bought Sears, Roebuck & Co. a year later.