Current:Home > MarketsTurn out the blue light: Last full-size Kmart store in continental US to close -Aspire Money Growth
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-14 08:20:29
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! (268)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Ex-police officer, facing charges in a Mississippi slaying after a chase into Louisiana, denied bond
- Some fear University of Michigan proposed policy on protests could quell free speech efforts
- Small earthquake shakes Southern California desert during Coachella music festival
- Don't let hackers fool you with a 'scam
- Back to back! UConn fans gather to celebrate another basketball championship
- Eleanor Coppola, matriarch of a filmmaking family, dies at 87
- Right whale is found entangled off New England in a devastating year for the vanishing species
- Intellectuals vs. The Internet
- Authorities say 4 people are dead after a train collided with a pickup in rural Idaho
Ranking
- Sam Taylor
- Woman who stabbed classmate in 2014 won’t be released: See timeline of the Slender Man case
- Jill Biden calls Trump a ‘bully’ who is ‘dangerous’ to LGBTQ people
- Tiger Woods grinds through 23 holes at the Masters and somehow gets better. How?
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Arizona Coyotes players told team is relocating to Salt Lake City, reports say
- Ex-police officer, facing charges in a Mississippi slaying after a chase into Louisiana, denied bond
- Jessica Alba says she's departing role as chief creative officer at Honest to pursue new endeavors
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Chipotle to pay nearly $3 million to settle allegations of retaliation against workers
Boston College vs. Denver Frozen Four championship game time, TV channel, streaming info
Sex crimes charges dropped against California Marine after missing teen found in barracks
2 killed, 3 injured in shooting at makeshift club in Houston
Ohio State football's assistant coach salary pool reaches eight figures for first time
Woman with history of DUIs sentenced to 15 years to life for California crash that killed mom-to-be
Shohei Ohtani interpreter allegedly stole $16M from MLB star, lost $40M gambling: What to know