Current:Home > MarketsTurn out the blue light: Last full-size Kmart store in continental US to close -ProfitSphere Academy
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-13 00:45:48
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! (4)
Related
- Global Warming Set the Stage for Los Angeles Fires
- Blake Shelton Shares Unseen Photos of “Favorite Girl” Gwen Stefani on Her Birthday
- Uncover the Best Lululemon Finds: $49 Lululemon Align Leggings Instead of $98, $29 Belt Bags & More
- AP Week in Pictures: Global
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Detroit bus driver gets 6 months in jail for killing pedestrian
- Collapse of national security elites’ cyber firm leaves bitter wake
- Love Is Blind's AD Smith and Love Is Blind UK’s Ollie Sutherland Fuel Romance Rumors With Dinner Outing
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Jersey Shore's Ronnie Ortiz-Magro Shares Daughter's Gut-Wrenching Reaction to His 2021 Legal Trouble
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- For Pittsburgh Jews, attack anniversary adds to an already grim October
- Ex-Houston officer rushed away in an ambulance during sentencing at double-murder trial
- Coldplay delivers reliable dreaminess and sweet emotions on 'Moon Music'
- What to watch: O Jolie night
- Source: Reds to hire Terry Francona as next manager to replace David Bell
- International fiesta fills New Mexico’s sky with colorful hot air balloons
- Twin babies who died alongside their mother in Georgia are youngest-known Hurricane Helene victims
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
One disaster to another: Family of Ukrainian refugees among the missing in NC
With 'The Woke Agenda,' Calgorithm propels California football into social media spotlight
Euphoria's Jacob Elordi Joins Olivia Jade Giannulli on Family Vacation With Mom Lori Loughlin
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Biden’s student loan cancellation free to move forward as court order expires
'Get out of here or die': Asheville man describes being trapped under bridge during Helene
6 migrants from Egypt, Peru and Honduras die near Guatemalan border after Mexican soldiers open fire