Current:Home > MarketsTurn 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
Surpassing View
Date:2025-04-10 05:38:14
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! (213)
Related
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Investigators use an unlikely clue to bring young mom's killer to justice
- These are the top 10 youngest wealthiest women in America. Can you guess who they are?
- Yellow is shutting down and headed for bankruptcy, the Teamsters Union says. Here’s what to know
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Check Out the Nordstrom Anniversary Sale for Deals on Free People Sweaters, Skirts, Dresses & More
- Sweden leader says clear risk of retaliatory terror attacks as Iran issues threats over Quran desecration
- 'The Continental': Everything we know about the 'John Wick' spinoff series coming in September
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- U.S. Capitol reopens doors to visitors that were closed during pandemic
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- As work begins on the largest US dam removal project, tribes look to a future of growth
- 'Like a broken record': Aaron Judge can't cure what ails Yankees as trade deadline looms
- Inmate sues one of the nation’s largest private prison operators over his 2021 stabbing
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- 'The Continental': Everything we know about the 'John Wick' spinoff series coming in September
- You Might've Missed Stormi Webster's Sweet Cameo on Dad Travis Scott's New Album
- Mar-a-Lago property manager to be arraigned in classified documents probe
Recommendation
What to watch: O Jolie night
Botched Patient Born With Pig Nose Details Heartbreaking Story of Lifelong Bullying
Pilot avoids injury during landing that collapsed small plane’s landing gear at Laconia airport
Full transcript of Face the Nation, July 30, 2023
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Whitney Houston’s estate announces second annual Legacy of Love Gala with BeBe Winans, Kim Burrell
South Korean dog meat farmers push back against growing moves to outlaw their industry
Stock market today: Asia shares gain after Wall St rally as investors pin hopes on China stimulus