Current:Home > FinanceTurn out the blue light: Last full-size Kmart store in continental US to close -AssetLink
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-14 09:20:37
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! (96765)
Related
- Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
- Inflation is still too high for the Fed. Here's how the rest of the economy doing
- 9/11 first responders with severe debris exposure have higher risk of dementia, study finds
- Palestinian supporters vandalize homes of Brooklyn Museum officials and other locations in NYC
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Dogs search for missing Kentucky baby whose parents and grandfather face drug, abandonment charges
- 'American Idol' Jordin Sparks wants a judge gig: 'I've been in their shoes'
- These Mary-Kate Olsen and Ashley Olsen Looks Prove They're Two of a Kind
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Remember the northern lights last month? See how that solar storm impacted Mars’ surface
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Goldie Hawn says her and Kurt Russell's home was burglarized twice
- Southern Mississippi Football Player Marcus MJ Daniels Jr. Dead at 21 After Shooting
- Inflation eases slightly ahead of the Federal Reserve's interest rate decision
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- Massachusetts House passes bill strengthening LGBTQ+ parents’ rights
- No Fed rate cut – for now. But see where investors are already placing bets
- Gypsy Rose Blanchard Gets Candid About How She Experimented With Her Sexuality in Prison
Recommendation
Police remove gator from pool in North Carolina town: Watch video of 'arrest'
Kentucky man convicted of training with Islamic State group in Syria
Anthony Michael Hall is loving 'Ms. Rachel,' cites this John Hughes movie as his favorite
Tori Spelling Calls Out the Haters While Celebrating Son Finn's Graduation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
GOP women who helped defeat a near-total abortion ban are losing reelection in South Carolina
'Unfinished beef': Joey Chestnut, Takeru Kobayashi set for rematch in Netflix hot dog contest
Lena Dunham discovered she's related to Glenn Close and Larry David: 'A queen and a king!'