Current:Home > FinanceTurn 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:2025-04-14 08:31:19
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! (795)
Related
- From bitter rivals to Olympic teammates, how Lebron and Steph Curry became friends
- 6 Things Kathryn Hahn Can't Live Without
- Breanna Stewart, Liberty handle champion Aces in Game 1 of WNBA semifinals
- Presidents Cup 2024: Results, highlights from U.S.'s 10th-straight Presidents Cup win
- The Best Stocking Stuffers Under $25
- College Football Misery Index: Ole Miss falls flat despite spending big
- Anna Delvey tells Tori Spelling she's not 'some abuser' after shared 'DWTS' eliminations
- Kris Kristofferson mourned by country music icons Dolly Parton, more: 'What a great loss'
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Breanna Stewart, Liberty handle champion Aces in Game 1 of WNBA semifinals
Ranking
- What to watch: O Jolie night
- Fierce North Carolina congressional race could hinge on other names on the ballot
- Sister Wives Star Madison Brush Announces Pregnancy News Amid Estrangement From Dad Kody Brown
- Mega Millions winning numbers for September 27 drawing; jackpot at $93 million
- North Carolina justices rule for restaurants in COVID
- University imposes a one-year suspension on law professor over comments on race
- WNBA playoffs: Players to watch in the semifinal round
- Indigenous Group Asks SEC to Scrutinize Fracking Companies Operating in Argentina
Recommendation
Jury finds man guilty of sending 17-year-old son to rob and kill rapper PnB Rock
Raheem Morris downplays Kyle Pitts' zero-catch game: 'Stats are for losers'
Milo Ventimiglia's Wife Jarah Mariano Is Pregnant With First Baby
National Coffee Day 2024: Free coffee at Dunkin', Krispy Kreme plus more deals, specials
Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
Vance criticized an infrastructure law as a candidate then embraced it as a senator
How to watch SpaceX, NASA launch that will bring Starliner astronauts home in 2025
Jordan Love injury update: Packers will start veteran quarterback in Week 4 vs. Vikings