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Kmart, a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a mass merchandising company that offers customers quality products through a portfolio of exclusive brands and labels including Jaclyn Smith, Joe Boxer, Martha Stewart Everyday and Route 66. As of January 31, 2009, Holdings operated a total of 1,368 Kmart stores across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands. This store count consists of 1,321 discount stores, averaging 92,000 square feet, and 47 Super Centers, averaging 166,000 square feet. Most Kmart stores are one-floor, free-standing units that carry a wide assortment of general merchandise, including products sold under such well-known labels as Jaclyn Smith, Joe Boxer and Martha Stewart Everyday, and certain proprietary Sears brand products, such as Kenmore, Craftsman, and DieHard brand products, and services
“We’re proud that Kmart is the exclusive retailer for the new THRE3 apparel line,” said Mark Snyder, Kmart’s chief marketing officer. “THRE3 offers clothes for the entire family featuring high
quality fabrics, classic American design plus the attention to detail that has become the signature of every apparel line at Kmart. The THRE3 brand was designed to depict the authentic lifestyle
concept of the sport of polo in the United States, It’s comfortable, casual, and accessible to everyone in the family. We believe the relationship with Kmart is a well-chosen step toward the long-range success of the THRE3 brand,” said Cliff Lelonek, President and CEO of U.S. Polo Assn., a division of Jordache Ltd. Jordache will be responsible for the design, manufacturing, and all creative aspects of the THRE3
Brand. Jordache is planning four annual product releases in its long term strategy of creating value for consumers in all categories.
As of January 31, 2009, Holdings operated a total of 1,368 Kmart stores across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands. This store count consists of 1,321 discount stores, averaging 92,000 square feet, and 47 Super Centers, averaging 166,000 square feet. Most Kmart stores are one-floor, free-standing units that carry a wide assortment of general merchandise, including products sold under such well-known labels as Jaclyn Smith, Joe Boxer and Martha Stewart Everyday, and certain proprietary Sears brand products, such as Kenmore, Craftsman, and DieHard brand products, and services.
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