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May 8, 1992 · WASHINGTON — “Pozor, Kmart shoppers!” Russians are eating Big Macs, Hungarians are reading by General Electric light bulbs and soon Czechoslovaks in Prague and other parts of the country will be...
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.
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.
Around the same time in 1994, Kmart sold their 51% share of Kmart Australia they held since they opened there in 1969 back to Coles-Myer. Kmart Australia has since become fully owned by Coles-Myer until they sold the chain to Wesfarmers Limited along with sister Australian chain, Target Australia.
Jan 1, 1997 · 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 ...
Dec 26, 1992 · From Associated Press. PRAGUE, Czechoslovakia — Attention Czech and Slovak shoppers: The blue light special is here. Kmart Corp., America’s second-largest retailer, is transforming 13...
May 7, 1992 · TROY, Mich. -- Kmart Corp. said Thursday it has bought a majority interest in one of the largest department stores in Prague and will become the first U.S. general merchandise retailer in...
