Current:Home > NewsTurn out the blue light: Last full-size Kmart store in continental US to close -Trailblazer Capital Learning
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-17 19:03:09
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! (251)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- Axon halts its plans for a Taser drone as 9 on ethics board resign over the project
- U.S. targets Iran and Russia with new sanctions over hostages, wrongfully detained Americans
- Third convoy of American evacuees arrives safely at Port Sudan
- A South Texas lawmaker’s 15
- Elon Musk tells employees to return to the office 40 hours a week — or quit
- Museums turn to immersive tech to preserve the stories of aging Holocaust survivors
- Church of England says single people should be valued, Jesus was single
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- How a father's gift brought sense to an uncertain life, from 'Zelda' to 'Elden Ring'
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Axon halts its plans for a Taser drone as 9 on ethics board resign over the project
- Supreme Court blocks Texas social media law from taking effect
- The U.S. warns companies to stay on guard for possible Russian cyberattacks
- Rylee Arnold Shares a Long
- Proof Zendaya Is Already Close With Tom Holland's Family
- Sleep Your Way to Perfect Skin With Skincare Products That Work Overnight
- Netflix will officially start charging for password sharing in 2023
Recommendation
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
What Elon Musk's Twitter Bid Says About 'Extreme Capitalism'
Netflix will officially start charging for password sharing in 2023
EA is cutting Russian teams from its FIFA and NHL games over the Ukraine invasion
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
A retro computer museum in Mariupol beloved by children was attacked by Russia
King Charles III coronation guest list: Who's invited and who's stuck at home?
That smiling LinkedIn profile face might be a computer-generated fake