Current:Home > InvestTurn out the blue light: Last full-size Kmart store in continental US to close -Elevate Capital Network
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-16 00:17:25
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! (852)
Related
- Messi injury update: Ankle 'better every day' but Inter Miami star yet to play Leagues Cup
- How did COVID warp our sense of time? It's a matter of perception
- Why Adam Levine is Temporarily Returning to The Voice 4 Years After His Exit
- Woman Arrested in Connection to Kim Kardashian Look-Alike Christina Ashten Gourkani's Death
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- States Vowed to Uphold America’s Climate Pledge. Are They Succeeding?
- The Dakota Access Pipeline Fight: Where Does the Standoff Stand?
- Taylor Swift and Matty Healy Spotted Holding Hands Amid Dating Rumors
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Transcript: North Dakota Gov. Doug Burgum on Face the Nation, June 11, 2023
Ranking
- Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
- New York City mandates $18 minimum wage for food delivery workers
- Nationwide Day of Service to honor people in recovery and give back to local communities
- 18 Grossly Satisfying Beauty Products With Instant Results
- Golf's No. 1 Nelly Korda looking to regain her form – and her spot on the Olympic podium
- The Bear's Jeremy Allen White and Wife Addison Timlin Break Up After 3 Years of Marriage
- Shipping Group Leaps Into Europe’s Top 10 Polluters List
- Kate Spade 24-Hour Flash Deal: Get This $280 Crossbody Bag for Just $59
Recommendation
Kehlani Responds to Hurtful Accusation She’s in a Cult
Today’s Climate: September 22, 2010
Summer House Preview: Paige DeSorbo and Craig Conover Have Their Most Confusing Fight Yet
Reena Evers-Everette pays tribute to her mother, Myrlie Evers, in deeply personal letter
RFK Jr. closer to getting on New Jersey ballot after judge rules he didn’t violate ‘sore loser’ law
South Africa Unveils Plans for “World’s Biggest” Solar Power Plant
18 Grossly Satisfying Beauty Products With Instant Results
Below Deck’s Kate Chastain Response to Ben Robinson’s Engagement Will Put Some Wind in Your Sails