Oct. 15, 2018 Sears Holdings Corporation ("Holdings," "we," "our," or the "Company") (NASDAQ: SHLD) today announced a series of actions to position the Company to establish a sustainable capital structure, continue streamlining its operating model and grow profitably for the long term. To facilitate these actions, the Company and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York (the "Court").

Kmart, a wholly owned subsidiary of Sears Holdings Corporation, is a mass merchandising company that offers customers quality products through a portfolio of exclusive brands and labels.

As of January 31, 2009, Holdings operated a total of 1,368 Kmart stores across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands. This store count consist of 1,321 discount stores, averaging 92,000 square feet, and 47 Super Centers, averaging 166,000 square feet.

Most Kmart stores are one-floor, free-standing units that carry a wide assortment of general merchandise, including products sold under such well-known labels as Jaclyn Smith, Joe Boxer and Martha Stewart Everyday, and certain proprietary Sears brand products, such as Kenmore, Craftsman, and DieHard brand products, and services.

As of January 31, 2009, approximately 290 Kmart stores were selling an assortment of major home appliances, including Kenmore-branded products. Kmart began operating its own footwear business, which had previously been operated by a third party, in January 2009. There are 1,025 Kmart stores which also operate in-store pharmacies. The Super Centers generally operate 24 hours a day and combine a full-service grocery along with the general merchandise selection of a discount store. There are also 20 Sears Auto Centers operating in Kmart stores. Sears Auto Centers offer a variety of professional automotive repair and maintenance services as well as a full assortment of automotive accessories. Kmart also sells its products through its kmart.com website.

KMART STORE FACTS

Big Kmart - Big Kmart signals a different kind of Kmart. These stores are bigger, brighter and offer big savings, big value, big selection and big convenience.

• Big Kmart stores are designed to increase store sales by increasing the frequency of customer visits. The format focuses on three distinct businesses - home fashions, children's apparel and consumables - and features an expanded food area known as the "Pantry."
• The layout makes it easier for customers to shop by placing the departments our customers want to shop near one another, and closer to the front of the store.
• The average Big Kmart carries nearly 100,000 stock-keeping units (SKU's).
• Big Kmart stores average between 84,000 to 120,000 sq. ft. in size.
• The first Big Kmart opened in Chicago, Illinois on April 23, 1997.

Kmart Super Centers - Kmart Super Centers are combination full-service grocery and general merchandise stores. Most Kmart Super Centers operate 24-hours a day and offer special services.

• Kmart Super Centers range in size from 140,000 to 190,000 sq. ft.
• Kmart Super Centers feature in-house bakeries, USDA fresh meats, fresh seafood - delivered daily of course, a full delicatessen and a variety of specialty food kiosks.
• The average Kmart Super Center carries between 100,000 and 150,000 SKU's.

Traditional Kmart Stores - The traditional Kmart store is the one most people recognize.

• Traditional Kmart stores average between 80,000 to 110,000 sq. ft. in size.
• Kmart stores carry a full selection of general merchandise and include a Pharmacy.
• The average Kmart store carries between 60,000 and 80,000 SKU's.
• The first Kmart store opened in Garden City, Michigan in March 1962.

Current information about these businesses can be found on Kmart.com

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