Current:Home > FinanceTurn out the blue light: Last full-size Kmart store in continental US to close -GrowthInsight
Turn out the blue light: Last full-size Kmart store in continental US to close
Ethermac Exchange View
Date:2025-04-07 08:44:32
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! (6)
Related
- Average rate on 30
- The U.S. just updated the list of electric cars that qualify for a $7,500 tax credit
- Climate Change Poses a Huge Threat to Railroads. Environmental Engineers Have Ideas for How to Combat That
- Airline passengers could be in for a rougher ride, thanks to climate change
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Miranda Sings YouTuber Colleen Ballinger Breaks Silence on Grooming Allegations With Ukulele Song
- Is the Paris Agreement Working?
- Pete Davidson Admits His Mom Defended Him on Twitter From Burner Account
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- As States Move to Electrify Their Fleets, Activists Demand Greater Environmental Justice Focus
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- ‘Delay is Death,’ said UN Chief António Guterres of the New IPCC Report Showing Climate Impacts Are Outpacing Adaptation Efforts
- Your banking questions, answered
- NPR quits Twitter after being falsely labeled as 'state-affiliated media'
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Anne Arundel County Wants the Navy’s Greenbury Point to Remain a Wetland, Not Become an 18-Hole Golf Course
- A tech consultant is arrested in the killing of Cash App founder Bob Lee
- No, the IRS isn't calling you. It isn't texting or emailing you, either
Recommendation
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Blake Lively Gives a Nod to Baby No. 4 While Announcing New Business Venture
DC Young Fly Shares How He Cries All the Time Over Jacky Oh's Death
Miranda Sings YouTuber Colleen Ballinger Breaks Silence on Grooming Allegations With Ukulele Song
Buckingham Palace staff under investigation for 'bar brawl'
Researchers Say Science Skewed by Racism is Increasing the Threat of Global Warming to People of Color
New Jersey school bus monitor charged with manslaughter after allegedly using phone as disabled girl suffocated
Judge prepares for start of Dominion v. Fox trial amid settlement talks