Current:Home > StocksTurn out the blue light: Last full-size Kmart store in continental US to close -AlphaFinance Experts
Turn out the blue light: Last full-size Kmart store in continental US to close
SafeX Pro Exchange View
Date:2025-04-09 23:35:33
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! (92)
Related
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Who is Emma Hayes? New USWNT coach will be world's highest-paid women's soccer coach
- Donald Trump hung up on Kim Kardashian as she sought his endorsement for clemency plea, book says
- Democrats adjourning Michigan Legislature to ensure new presidential primary date
- Trump wants to turn the clock on daylight saving time
- NBA power rankings: Houston Rockets on the rise with six-game winning streak
- Legal action is sought against Arizona breeding company after 260 small animals were fed to reptiles
- Officials exhume the body of a Mississippi man buried without his family’s knowledge
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Peppermint Frosty is back at Wendy's: Here's how to get one for free this week
Ranking
- Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
- Peppermint Frosty is back at Wendy's: Here's how to get one for free this week
- Inflation eased in October as cheaper gas offset overall price increases
- Study: Are millennials worse off than baby boomers were at the same age?
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Why Kourtney Kardashian Wishes She Could Go Back to Her No-Feelings-B--chy Self
- Jon Batiste to embark on The Uneasy Tour in 2024, first North American headlining tour
- Gospel singer Bobbi Storm faces backlash for singing on a flight after Grammy nomination
Recommendation
Billy Bean was an LGBTQ advocate and one of baseball's great heroes
Pumpkin pie or apple? A state-by-state guide to people's favorite Thanksgiving pies
Inside Climate News Freelancer Anne Marshall-Chalmers Honored for her Feature Story Showing California Wildfires Plague Mobile Home Residents
Kim Zolciak and Kroy Biermann Reunite for Intimate 12th Anniversary Celebration Amid Divorce
Meta donates $1 million to Trump’s inauguration fund
Climate change, fossil fuels hurting people's health, says new global report
Why Kourtney Kardashian Wishes She Could Go Back to Her No-Feelings-B--chy Self
Arizona surges into top five, Kansas stays No. 1 in USA TODAY Sports men's basketball poll