Current:Home > ContactTurn out the blue light: Last full-size Kmart store in continental US to close -AssetTrainer
Turn out the blue light: Last full-size Kmart store in continental US to close
SafeX Pro View
Date:2025-04-09 14:31:38
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! (512)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Western Colorado Water Purchases Stir Up Worries About The Future Of Farming
- America’s Wind Energy Boom May Finally Be Coming to the Southeast
- ‘We Need to Hear These Poor Trees Scream’: Unchecked Global Warming Means Big Trouble for Forests
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- ‘Mom, are We Going to Die?’ How to Talk to Kids About Hard Things Like Covid-19 and Climate Change
- Honda recalls nearly 1.2 million cars over faulty backup camera
- New malaria vaccine offers a ray of hope to Nigeria. There's just one thing ...
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Hurricane Season Collides With Coronavirus, as Communities Plan For Dual Emergencies
Ranking
- Federal hiring is about to get the Trump treatment
- Climate Protesters Kicked, Dragged in Indonesia
- Montana Republicans are third state legislators to receive letters with mysterious white powder
- Al Roker Makes Sunny Return to Today Show 3 Weeks After Knee Surgery
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Gabrielle Union and Dwyane Wade Honor Daughter Zaya on Sweet 16 Birthday
- FDA approves Opill, the first daily birth control pill without a prescription
- Lisa Rinna Reveals Horrible Death Threats Led to Her Real Housewives of Beverly Hills Exit
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Succession's Sarah Snook Gives Birth, Welcomes Baby With Husband Dave Lawson
988 mental health crisis line gets 5 million calls, texts and chats in first year
Battered by Matthew and Florence, North Carolina Must Brace for More Intense Hurricanes
Stamford Road collision sends motorcyclist flying; driver arrested
RHONJ Reunion Teaser: Teresa Giudice Declares She's Officially Done With Melissa Gorga
Get $150 Worth of Clean Beauty Products for Just $36: Peter Thomas Roth, Elemis, Osea, and More
Trump Admin Responds to Countries’ Climate Questions With Boilerplate Answers