What made you want to look up giddy? Include any comments and questions you have about this word.
Kmart is owned by the Sears Holdings Corporation, which like any corporation, is owned by shareholders. A CEO on day took over both kmart and sears and decided to name it sears holdings because sears has a better reputation than kmart. Vibhu Bhardwaj.
Quick Answer. As of 2014, Sears Holdings, which owns and operates Kmart and Sears retail stores, has closed over 200 Kmart and Sears locations due to increasing financial losses as a result of declining sales figures. The two retailers have struggled in recent years to stay competitive with other major retail chains.