Kmart Corporation (sometimes stylized as K mart or kmart) is a chain of big box department store headquartered in Hoffman Estates, Illinois, United States. The chain purchased Sears for $11 billion in 2005, forming a new corporation under the name Sears Holdings Corporation. The Kmart name was incorporated in 1916 while the first store didn't open its doors until 1962. At its peak in 2000, Kmart operated 2,171 stores including 105 "Super Center" locations. For the 2005 fiscal year under the new company, the Kmart store count was at 1,416 with only 55 "Super Center" locations. Currently, the chain is operating 734 stores with only 1 "Super Center" location remaining (Store #4939 in Warren, Ohio). This number will decrease further due to the previously announced closings that will take place in Q1 2017.