Current:Home > InvestTurn out the blue light: Last full-size Kmart store in continental US to close -SovereignWealth
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-12 08:42:33
The blue light is all but turned off as Kmart is set to close its last full-sized store in the continental United States.
An associate at the Bridgehampton, New York confirmed that the store is scheduled to close on Oct. 20 when USA TODAY called the location.
The Bridgehampton store, approximately 95 miles east of Manhattan, is one of two Kmart locations remaining in the continental U.S. The location soon to become the last store, located in Miami, is smaller with a limited range of products, according to CNN.
Transformco, the owner of Kmart and Sears, did not respond to a request for comment from USA TODAY Monday.
Sears, Kmart on last legs
At its peak, Kmart had well over 2,000 locations in the U.S. and was among the nation's retail giants.
Kmart merged with Sears in 2005 in a deal engineered by hedge fund manager and CEO Eddie Lampert.
The combined companies fell behind as e-commerce grew and consumer preferences changed.
The merged company filed for Chapter 11 bankruptcy protection in 2018 and narrowly escaped liquidation in early 2019.
It was sold to Lampert, who has kept the brands alive on a shoestring budget.
Kmart locations dwindled under Transformco, leaving only the Bridgehampton and Miami locations in the continental U.S. and locations in the U.S. Virgin Islands and Guam.
Together, Sears and Kmart have closed more than 3,500 stores and cut about 250,000 jobs in the past 15 years.
Contributing: Kelly Tyko
veryGood! (916)
Related
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- What do we know about the mysterious drones reported flying over New Jersey?
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Travis Hunter, the 2
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Global Warming Set the Stage for Los Angeles Fires
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Meet first time Grammy nominee Charley Crockett
- Former longtime South Carolina congressman John Spratt dies at 82
- The company planning a successor to Concorde makes its first supersonic test
Recommendation
Intellectuals vs. The Internet
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Average rate on 30
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?