Current:Home > MarketsTurn out the blue light: Last full-size Kmart store in continental US to close -Wealth Evolution Experts
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-12 16:19:31
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! (74698)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Whoopi Goldberg cries during emotional 'Sister Act 2' reunion: Watch
- Celebrating Pride Month? You Need These Fun Accessories to Level up Your Pride Outfit
- Voters defeat hand-counting measures in South Dakota, but others might come in future
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- House votes to sanction International Criminal Court over potential warrants for Israeli officials
- Cities are shoring up electrical grid by making 'green' moves
- Who was Scott Scurlock? How a ‘Point Break’-loving bandit masterminded bank robbery spree
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- No, you probably didn't win a free vacation. Don't let these scams ruin your summer fun
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Ship at full throttle in harbor causes major South Carolina bridge to close until it passes safely
- Why Kelly Osbourne Says Her Body Is “Pickled From All the Drugs and Alcohol”
- Jennie Garth and Peter Facinelli Address Their Divorce for the First Time in 12 Years
- Meta donates $1 million to Trump’s inauguration fund
- As New York Mets loiter in limbo, they try to make the most out of gap year
- Most Americans still not sold on EVs despite push from Biden, poll finds
- What will become of The Epoch Times with its chief financial officer accused of money laundering?
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
How Kallie and Spencer Wright Are Coping Days After 3-Year-Old Son Levi's Death
Lax oversight by California agency put LA freeway at risk before 2023 blaze, audit finds
Inside NBC’s Olympics bet on pop culture in Paris, with help from Snoop Dogg and Cardi B
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Slovakia’s Fico says he was targeted for Ukraine views, in first speech since assassination attempt
Pat Sajak set for final 'Wheel of Fortune' episode after more than four decades: 'An odd road'
Jennifer Lopez Shares Message on Negativity After Canceling Tour