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May 8, 1992 · Kmart, the Michigan-based discount retailer, announced Thursday that it is buying majority interest in a dozen big department stores in Czechoslovakia.
By 1992 Kmart was still in an acquisition mode, buying 13 stores in the Czech Republic and Slovakia's Maj department store chain; Borders book superstores as a complement to Waldenbooks; and Intelligent Electronic's Bizmart chain.
Kmart bought 13 state-owned department stores in Czechoslovakia after the fall of Communism. It was quite profitable, but due to their troubles in the US, these stores were sold to British supermarket chain Tesco in 1996.
Dec 26, 1992 · PRAGUE, Czechoslovakia — Attention Czech and Slovak shoppers: The blue light special is here. Kmart Corp., America’s second-largest retailer, is transforming 13 Communist-era department...
Feb 1, 2017 · Ack in 1992, Kmart bought a old communist chain of stores in czechosloviakia. Ow czech republic and slovakia. The stores in Prague and Bratalava were the most successful in the entire company.
Last year, the discount retailer bought 13 of the best stores in the Czechoslovak government's Prior chain. Czechoslovakia split into the Czech Republic and Slovakia in January, leaving Kmart with stores in two countries.
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Kmart recently ended a nearly three‐and‐one‐halfyear long retailing venture in Eastern Europe where they were able to successfully transform existing ailing retailing enterprises into thriving examples of Western retailing. Even though Kmart's entrance into the former Communist Bloc was cut short, the endeavor adeptly illustrates a number ...
