Current:Home > reviewsTurn out the blue light: Last full-size Kmart store in continental US to close -FundSphere
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-16 13:31:53
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! (36)
Related
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- College football Week 3 grades: Colorado State's Jay Norvell is a clown all around
- A suburban Georgia county could seek tax increase for buses, but won’t join Atlanta transit system
- Alabama high school band director stunned, arrested after refusing to end performance, police say
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- Oregon launches legal psilocybin, known as magic mushrooms access to the public
- Ice-T's Reaction to 7-Year-Old Daughter Chanel's School Crushes Is Ice Cold
- Iranian authorities detain Mahsa Amini's father on 1-year anniversary of her death
- Illinois governor calls for resignation of sheriff whose deputy fatally shot Black woman in her home
- Activists in Europe mark the anniversary of Mahsa Amini’s death in police custody in Iran
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- Louisiana prisoner suit claims they’re forced to endure dangerous conditions at Angola prison farm
- Taylor Swift dominates 2023 MTV Video Music Awards
- Top EU official heads to an Italian island struggling with migrant influx as Italy toughens stance
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- Teyana Taylor and Iman Shumpert Break Up After 7 Years of Marriage
- Rolling Stone founder Jann Wenner under fire for comments on female, Black rockers
- Airbnb removed them for having criminal records. Now, they're speaking out against a policy they see as antihuman.
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
When is iOS 17 available? Here's what to know about the new iPhone update release
Oregon launches legal psilocybin, known as magic mushrooms access to the public
Gunmen kill a member of Iran’s paramilitary force and wound 3 others on protest anniversary
Former Milwaukee hotel workers charged with murder after video shows them holding down Black man
Comedian Russell Brand denies allegations of sexual assault published by three UK news organizations
Thousands of Czechs rally in Prague to demand the government’s resignation
Drew Barrymore Reverses Decision to Bring Back Talk Show Amid Strikes