Current:Home > StocksTurn out the blue light: Last full-size Kmart store in continental US to close -TradeCircle
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-17 13:50:41
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
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Judge Throws Out Rioting Charge Against Journalist Covering Dakota Access Protest
- 10 key takeaways from the Trump indictment: What the federal charges allegedly reveal
- FEMA Flood Maps Ignore Climate Change, and Homeowners Are Paying the Price
- Trump's 'stop
- When Protest Becomes Sacrament: Grady Sisters Heed a Higher Call
- National Teachers Group Confronts Climate Denial: Keep the Politics Out of Science Class
- Boat captain twice ambushed by pod of orcas says they knew exactly what they are doing
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Clean Energy May Backslide in Pennsylvania but Remains Intact in Colorado
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Tots on errands, phone mystery, stinky sweat benefits: Our top non-virus global posts
- CVS and Walgreens agree to pay $10 billion to settle lawsuits linked to opioid sales
- 13 Things You Can Shop Without Paying Full Price for This Weekend
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- 13 Things You Can Shop Without Paying Full Price for This Weekend
- Because of Wisconsin's abortion ban, one mother gave up trying for another child
- Natural Climate Solutions Could Cancel Out a Fifth of U.S. Emissions, Study Finds
Recommendation
Travis Hunter, the 2
What's an arraignment? Here's what to expect at Trump's initial court appearance in classified documents case
The Dakota Access Pipeline Fight: Where Does the Standoff Stand?
You Didn't See It Coming: Long Celebrity Marriages That Didn't Last
Grammy nominee Teddy Swims on love, growth and embracing change
Video shows 10-foot crocodile pulled from homeowner's pool in Florida
Tracy Anderson Reveals Jennifer Lopez's Surprising Fitness Mindset
Climate Change Treated as Afterthought in Second Presidential Debate