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In the early 2000s, Kmart’s financial struggle began. From 2005 through 2019, it became a subsidiary of Sears Holdings Corporation. But in 2019, Sears Holdings plummeted, and Transform SR Brands LLC was formed to acquire assets from Sears Holdings, which included the remaining Kmart stores.
There are only nine Kmart locations that are believed to be still open. However, only a third of them are located in the
contiguous U.S. You can find Kmart in Miami, Fla. Westwood, N.J., and Bridgehampton, N.Y.
Source: https://www.distractify.com/p/what-does-the-k-in-kmart-stand-for
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