Current:Home > FinanceTurn out the blue light: Last full-size Kmart store in continental US to close -WealthFocus Academy
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-15 04:07:42
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! (887)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Ex-CIA officer accused of spying for China expected to plead guilty in a Honolulu courtroom
- American is flying home after getting suspended sentence for ammo possession in Turks and Caicos
- Trump says he believes Nikki Haley is going to be on our team in some form
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Millie Bobby Brown Marries Jake Bongiovi in Private Ceremony
- Louisiana governor signs bill making two abortion drugs controlled dangerous substances
- Delaware and Tennessee to provide free diapers through Medicaid
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Biden moves to designate Kenya as a major non-NATO U.S. ally
Ranking
- Highlights from Trump’s interview with Time magazine
- Vigil, butterfly release among events to mark the 2nd anniversary of the Uvalde school shooting
- Missionaries killed in Haiti by gang are state reps' daughter, son-in-law, nonprofit says
- Sean “Diddy” Combs Accused of Sexual Assault by 6th Woman in New York Lawsuit
- Sonya Massey's father decries possible release of former deputy charged with her death
- A man found bones in his wine cellar. They were from 40,000-year-old mammoths.
- See memorials in Uvalde and across Texas that honor victims of Robb Elementary shooting
- New lawsuit accuses Sean ‘Diddy’ Combs of sexually abusing college student in the 1990s
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
6 killed in Idaho crash were agricultural workers from Mexico, officials say
More than 100 people believed killed by a landslide in Papua New Guinea, Australian media report
Mike Love calls Beach Boys reunion with Brian Wilson in documentary 'sweet' and 'special'
A South Texas lawmaker’s 15
33 things to know about Indy 500: Kyle Larson goes for 'Double' and other drivers to watch
What comes next for Ohio’s teacher pension fund? Prospects of a ‘hostile takeover’ are being probed
UCLA police arrest young man for alleged felony assault in attack on pro-Palestinian encampment