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.
In 2004, Kmart purchased Sears and formed Sears Holdings (Nasdaq:SHLD - News), making them the third largest U.S. retailer behind Walmart and Home Depot (NYSE:HD - News). Since the merger, the company has continued its downward spiral, losing 83% of their stocks' value in the past five years.