[[caption-width-right:350:[[{{Jingle}} "K-Mart is your savings store/Where your dollar buys you more..."]]]]

Kmart is a discount store located in the United States, Australia, and New Zealand; in the latter two countries, it's a low, low, ''low''-end discount store licensing the name.

The first Kmart (or K-Mart, as it was then known) opened in Garden City, Michigan in 1962. The chain eventually reached a peak of 2,000 stores by 2000, coinciding with their newly-renovated "Big K" stores (which was around the same time they stopped upgrading their equipment -- seriously, it's like stepping into 1993). Unfortunately, Kmart has fallen to a rather distant third place in the discounter race, namely due to being behind on remodeling, poor location build-out, deranged leadership[[note]]Eddie "[[SmallNameBigEgo New Warren Buffet]]" "[[PointyHairedBoss Crazy Eddie]]" "[[ConvenienceStoreGiftShopping Rolex Watch]]" Lampert[[/note]], and general incompetence. It also saw the loss of its Canadian locations in 1998 to rival Zellers (which itself will be sold to Kmart rival Target in 2013, with some already sold to UsefulNotes/{{Walmart}}).

Today, of course, Kmart is still going (but going nowhere), with around 1,200 stores and maybe a dozen Kmart Super Centers. In 2005, it merged with Sears and now carries Sears' Craftsman and Kenmore brands, although not power tools or heavy appliances at most locations. Some of the stores are merely maintained for the real estate between them (the impetus for the Sears merger) and close when inevitably the land price becomes higher than maintaining a store there; for instance, the Kmart near Green Bay, Wisconsin's Lambeau Field happily closed when the Packers offered a mint to the company for the land.

Kmart has seen a bit of resurgence with its "Shop Your Way Rewards" program, in which membership is free and members receive points on every purchase made good for future purchases. Those who sign up for e-mail receive a number of pretty big discount offers, as well as the chance to enter contests for more points. They also have the option of dispensing with a paper receipt and instead having it all e-mailed.

Kmart used to own several other chains: a supercenter called American Fare[[note]]which failed after only three stores, although the name lives on as one of Kmart's private brands[[/note]]; hardware superstore Builders Square[[note]]sold to Hechinger in 1997, closed in 1999[[/note]]; bookstore chains Borders and Waldenbooks[[note]]spun off into their own company which went under in 2011[[/note]]; office supply chain [=OfficeMax=][[note]]sold off in 1995 and continues to hold its own to this day; although it is in the process of merging with Office Depot[[/note]]; Pace Warehouse[[note]]a warehouse club similar to Sam's Club, to whom many locations were sold in 1993[[/note]]; Payless Drugs[[note]]sold off in 1994, bought out by Rite Aid in 1999[[/note]]; and Sports Authority[[note]]sold off in 1995, continues to do well to this day[[/note]].

!!References to Kmart in media include...
* An old ''ComicStrip/CalvinAndHobbes'' comic strip has Calvin's dad telling him he was a Blue Light Special from Kmart (cheaper than Sears, ironically from the same company nowadays).
* ''Film/RainMan'': "Kmart sucks."
* ''Film/TheBookOfEli'' reveals that Eli once worked in a Kmart.
* Somewhere in ''Literature/{{It}}'', Kmart is mentioned.
* In ''Film/ArmyOfDarkness'', S-Mart is a parody of K-Mart.
* ''Magazine/{{Mad}}'' once had a feature on names turned into acronyms. [=KMart=], according to them, stood for '''K'''eeping '''M'''iddle '''A'''merica '''R'''eally '''T'''acky. It featured a customer buying a matching [=shoes/belt/watchband=] set and another one buying a fake jewel encrusted toilet seat.
* In the original airing of the ''WesternAnimation/FamilyGuy'' episode "Brian in Love", Brian accidentally urinates while at the supermarket, prompting Peter to ask him "Where do you think you are? Kmart?" (Later airings changed it to Payless).