Current:Home > FinanceTurn out the blue light: Last full-size Kmart store in continental US to close -NextGenWealth
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-17 01:35:50
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! (7)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Daisy Edgar-Jones Addresses Speculation Over Eyebrow-Raising Paul Mescal & Phoebe Bridgers Met Gala Pic
- After poor debate, Biden campaign believes there's still no indication anyone but Biden can beat Trump
- New York law couldn’t be used to disarm reservist before Maine shooting, Army official says
- B.A. Parker is learning the banjo
- Shelley Duvall, star of The Shining and Popeye, dies at 75
- Mississippi election officials argue against quick work on drawing new majority-Black districts
- Jürgen Klopp not interested in USMNT job. What now? TV analysts weigh in
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Seattle man sentenced to 9 years in federal prison for thousands of online threats
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Benji Gregory, former child star on the 80s sitcom ‘ALF,’ dies at 46
- The Beastie Boys sue Chili’s parent company over alleged misuse of ‘Sabotage’ song in ad
- 2024 ESPYS: Tyler Cameron Confirms He's in a Relationship
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Senator calls out Big Tech’s new approach to poaching talent, products from smaller AI startups
- Prince Harry and Meghan Markle Have Royally Cute Date Night at 2024 ESPYS
- Report: UFC's Dana White will give last speech before Trump accepts GOP nomination
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Sebastian Maniscalco talks stand-up tour, 'Hacks' and selling out Madison Square Garden
Social Security recipients could see the smallest COLA increase since 2021. Here's what to expect.
10 second-year NFL players who must step up in 2024
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Nick Wehry responds to cheating allegations at Nathan's Hot Dog Eating Contest
Social Security recipients could see the smallest COLA increase since 2021. Here's what to expect.
Hurricane Beryl Was a Warning Shot for Houston