Kmart Rolls Out ‘Store Within A Store’ Concept.

Kmart Corporation announced that it is adding 15 Kmart SuperCenters to its portfolio by mid-November of 2001, bringing the total number of SuperCenter locations throughout the United States and the Caribbean to 124 by year-end.

Ten traditional Kmart stores are being converted within the existing space, three are expansion and conversion of existing Big Kmart stores and two are newly developed SuperCenter locations. Kmart also will open two traditional Big Kmart stores in Cranston, RI and New Windsor, NY.

“We’re excited about the possibilities of our ‘in-the-box’ conversions to SuperCenters,” said Chuck Conaway, Chairman and CEO of Kmart Corporation. “Right now our plans are to go slow and treat these openings as test cases that we can study before we move forward. But we believe that we have anywhere from 1,000 to 1,300 stores that could be converted to SuperCenters. And with our real estate portfolio, that gives us leverage to better serve our customers and shareholders.”

Starting last weekend, Kmart unveiled the first of its ten “Store Within a Store” concept stores. These stores integrate the SuperCenter concept into the existing space of a Big Kmart store. The following SuperCenter locations are scheduled to open as follows:

Kmart “Store Within A Store” Conversions / Opening Dates

Calle Bentances Final Carr, 156 Caguas, PR Oct. 17, 2001

400 Rodeo Place North Anchorage, AK Oct. 20, 2001

3121 Airport Way Fairbanks, AK Oct. 20, 2001

6525 Glacier Highway Juneau, AK Oct. 20, 2001

8601 Old Seaward Highway South Anchorage, AK Oct. 20, 2001

2115 West Walnut Street Rogers, AR Oct. 20, 2001

3500 Joslyn Road Auburn Hills, MI Oct. 20, 2001

45460 Utica Park Boulevard Utica, MI Oct. 20, 2001

444 Route 211 E. Middletown, NY Oct. 20, 2001

2101 Telegraph Bloomfield Hills, MI Nov. 10, 2001

Kmart SuperCenter Expansions

2333 East South Blvd. Montgomery, AL Nov. 17, 2001

4041 Atlanta Hwy. Montgomery, AL Nov. 17, 2001

200 W. Belleview Avenue Englewood, CO Nov. 17, 2001

New Kmart SuperCenters

19990 Telegraph Road Detroit, MI Nov. 17, 2001

12025 North 32nd Street Phoenix, AZ Nov. 10, 2001