Happy Birthday Retail! Walmart, Target, Kmart, Kohl's Turn 50!
Walmart, Target, Kmart and Kohl's are all celebrating a milestone 50th anniversary this year. It's hard to believe that all four were founded in the same year, but combined these stores changed the way America shops. Happy Birthday to modern retail!
Three of the four began as department store offshoots. Target sprang from Minnesota's Dayton's and Kmart from Detroit-based S.S. Kresge. Both were developed as formats to reach shoppers beyond their core businesses. Kohl's started as a department store when the Wisconsin based supermarket chain branched out into a new format