Kmart (sometimes styled as "K-Mart") is a chain of discount department stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Guam which houses the largest Kmart in the world. The chain acquired Sears in 2005, forming a new corporation under the name Sears Holdings Corporation. Kmart also exists in Australia and New Zealand (see Kmart Australia), although it now has no relation to the American stores except in name, after U.S. equity in the Australian business was purchased in the late 1970s. Kmart is the third largest discount store chain in the world, behind Wal-Mart and Target; all three chains were founded in 1962.
As of January 30, 2010, Kmart operated a total of 1,327 (13 closing by late May) Kmart stores across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands. This store count included 1,361 discount stores, averaging 92,000 sq ft (8,500 m2), and 32 Super Centers, averaging 165,000 sq ft (15,300 m2).[2]
In January 2011, Sears Holdings Corporation announced they would close 6 under performing Kmart stores by the end of April. The stores selected to close were located in Utah, Illinois, Wisconsin, Ohio, and New Jersey. In late 2010 it was reported by different news outlets that Kmart had a lessened loss in revenue compared to Sears, the company's other brand.
Kmart's world headquarters was located in Troy, Michigan, in a sprawling complex which, since Kmart's relocation to Illinois, has been slated for demolition.[3] However, at this current time, no actual demolition efforts are underway, and the proposed mixed-use complex earmarked for the site, the Pavilions of Troy, has not begun construction due to issues with funding.[4]
The latest grocery share figures from Kantar Worldpanel, published today for the 12 weeks ending 20 February 2011 show that the market is subdued as shoppers watch their pennies.
Overall market growth slowed slightly this period to 3.9% compared to 4.2% last month. However, both Sainsbury’s at 5.2% and Morrisons at 4.5% outperformed, growing ahead of the market.

Sainsbury’s market share moved up to 16.5%, compared to 16.3% a year ago, which continues their strong run, gaining share every month since March 2009. Morrisons maintains its 12.3% market share from the same period last year. Tesco and Asda performed slightly behind the market, with share now standing at 30.3% and 16.9% respectively.

Fraser McKevitt, Retail Analyst at Kantar Worldpanel comments:
“Waitrose followed the market trend of slightly slower growth this period, but still posted increased sales of 6.6% compared to a year ago, taking its market share to 4.4%, the highest ever recorded by the retailer.”

2011 has seen a return to strong growth from the discounters, both Aldi and Lidl delivering double digit growth, well-ahead of their performances in 2010. Aldi now hold 3.1% of the market, up from 2.8% last year and Lidl hold 2.4%, up from 2.2%.

Fraser McKevitt explains:
“With economic uncertainty increasingly in the news it is no surprise that shoppers are being cautious with their spending. However, while the discounters are performing well this is not due to an increase in new shoppers, but rather because their existing customers are spending more with them. The majority of people continued to seek value through promotions in the mainstream retailers, rather than trading down to the discounters.”

The Co-operative’s market share stabilised at 6.7% this month, however this is a drop from 7.4% a year ago. Iceland’s market share remained at 2.0%, but it will find substantial market growth challenging in the next few months because of strong comparative numbers in 2010.

An update on inflation
Grocery inflation stands at 3.7%* for the 12 period week ending 20 February 2011. Whilst this represents a notable increase from 3.1% reported last month, it is still well below the levels seen in 2008 and 2009, and shoppers are taking advantage of retailer promotions to manage their personal inflation rate.



The latest grocery share figures and comparative data for the last three years are available as an app for the iPhone. To download Kantar Worldpanel’s free ‘Grocer Share’ app please visit the Apple iTunes Store.

To view the video commentary from Fraser McKevitt or to get further information please visit www.kantarworldpanel.com and select ‘Insights’.

These findings are based on Kantar Worldpanel data for the 12 weeks to 20 February 2011. Kantar Worldpanel monitors the household grocery purchasing habits of 25,000 demographically representative households in Great Britain.
 
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Kmart (sometimes styled as "K-Mart") is a chain of discount department stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Guam which houses the largest Kmart in the world. The chain acquired Sears in 2005, forming a new corporation under the name Sears Holdings Corporation. Kmart also exists in Australia and New Zealand (see Kmart Australia), although it now has no relation to the American stores except in name, after U.S. equity in the Australian business was purchased in the late 1970s. Kmart is the third largest discount store chain in the world, behind Wal-Mart and Target; all three chains were founded in 1962.
As of January 30, 2010, Kmart operated a total of 1,327 (13 closing by late May) Kmart stores across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands. This store count included 1,361 discount stores, averaging 92,000 sq ft (8,500 m2), and 32 Super Centers, averaging 165,000 sq ft (15,300 m2).[2]
In January 2011, Sears Holdings Corporation announced they would close 6 under performing Kmart stores by the end of April. The stores selected to close were located in Utah, Illinois, Wisconsin, Ohio, and New Jersey. In late 2010 it was reported by different news outlets that Kmart had a lessened loss in revenue compared to Sears, the company's other brand.
Kmart's world headquarters was located in Troy, Michigan, in a sprawling complex which, since Kmart's relocation to Illinois, has been slated for demolition.[3] However, at this current time, no actual demolition efforts are underway, and the proposed mixed-use complex earmarked for the site, the Pavilions of Troy, has not begun construction due to issues with funding.[4]
The latest grocery share figures from Kantar Worldpanel, published today for the 12 weeks ending 20 February 2011 show that the market is subdued as shoppers watch their pennies.
Overall market growth slowed slightly this period to 3.9% compared to 4.2% last month. However, both Sainsbury’s at 5.2% and Morrisons at 4.5% outperformed, growing ahead of the market.

Sainsbury’s market share moved up to 16.5%, compared to 16.3% a year ago, which continues their strong run, gaining share every month since March 2009. Morrisons maintains its 12.3% market share from the same period last year. Tesco and Asda performed slightly behind the market, with share now standing at 30.3% and 16.9% respectively.

Fraser McKevitt, Retail Analyst at Kantar Worldpanel comments:
“Waitrose followed the market trend of slightly slower growth this period, but still posted increased sales of 6.6% compared to a year ago, taking its market share to 4.4%, the highest ever recorded by the retailer.”

2011 has seen a return to strong growth from the discounters, both Aldi and Lidl delivering double digit growth, well-ahead of their performances in 2010. Aldi now hold 3.1% of the market, up from 2.8% last year and Lidl hold 2.4%, up from 2.2%.

Fraser McKevitt explains:
“With economic uncertainty increasingly in the news it is no surprise that shoppers are being cautious with their spending. However, while the discounters are performing well this is not due to an increase in new shoppers, but rather because their existing customers are spending more with them. The majority of people continued to seek value through promotions in the mainstream retailers, rather than trading down to the discounters.”

The Co-operative’s market share stabilised at 6.7% this month, however this is a drop from 7.4% a year ago. Iceland’s market share remained at 2.0%, but it will find substantial market growth challenging in the next few months because of strong comparative numbers in 2010.

An update on inflation
Grocery inflation stands at 3.7%* for the 12 period week ending 20 February 2011. Whilst this represents a notable increase from 3.1% reported last month, it is still well below the levels seen in 2008 and 2009, and shoppers are taking advantage of retailer promotions to manage their personal inflation rate.



The latest grocery share figures and comparative data for the last three years are available as an app for the iPhone. To download Kantar Worldpanel’s free ‘Grocer Share’ app please visit the Apple iTunes Store.

To view the video commentary from Fraser McKevitt or to get further information please visit Kantar Worldpanel | Consumer Panel | Consumer behaviour insights | Consumer panels - Kantar Worldpanel and select ‘Insights’.

These findings are based on Kantar Worldpanel data for the 12 weeks to 20 February 2011. Kantar Worldpanel monitors the household grocery purchasing habits of 25,000 demographically representative households in Great Britain.

Hey netra, thanks for sharing such a nice and detailed marketing research report on Kmart and i am sure it is going to be helpful for many people. Well, i ave also got some important information and would like to share it with you.
 

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