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Feb 6, 2020 · Canada's department store market was getting more competitive and that climate prompted Hudson's Bay Company to acquire Kmart Canada in 1998. (The National/CBC Archives)
Canada Former Kmart store in Bayers Lake, Nova Scotia (Store #5551) shown in 1994; Canadian Tire now operates in its place. Kmart opened their first store in Canada in Huron Heights, Ontario on March 14, 1963, followed by a second location in Windsor, Ontario on May 9, 1963.
Jun 2, 1998 · The Hudson Bay Company announced Friday it will take over Kmart Canada. The deal will cost the company $240 million, and could cost workers as many as 6,000 jobs.
Apr 11, 2022 · Struggling to compete with Walmart's low prices and Target's trendier offerings, Kmart filed for Chapter 11 bankruptcy protection in early 2002 -- becoming the largest U.S. retailer to take that...
1997: The Big Kmart format debuts; the Martha Stewart Everyday line of bed and bath products is launched. 1998: Kmart sells its stores in Canada to Hudson's Bay Company. 2001: Declining sales amid intense competition leads to liquidity crisis and halts in shipments from major vendors.
By year end, 19 stores were operating in Canada. 1952 - S.S. Kresge Company was one of the first retailers to convert stores to checkout operations and to open stores in shopping centers. 1962 - With Harry B. Cunningham as president, the company opened the first Kmart discount department store in a suburb of Detroit. Seventeen other Kmart ...
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Learn how Kmart Canada started, expanded and closed in this short documentary. Watch rare footage and interviews with former employees and customers.
- 1 min
- 1279
- J.J.P 2 Shorts Channel
