Current:Home > NewsTurn out the blue light: Last full-size Kmart store in continental US to close -TradeWise
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-16 04:21:23
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! (287)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Walz’s exit from Minnesota National Guard left openings for critics to pounce on his military record
- Harris and Trump are having a new squabble over their upcoming debate, this time about muted mics
- Harris and Trump are having a new squabble over their upcoming debate, this time about muted mics
- Former Syrian official arrested in California who oversaw prison charged with torture
- Some think rumors of Beyoncé performing at the DNC was a scheme for ratings: Here's why
- Indianapolis man, 19, convicted of killing 3 young men found dead along a path
- US expands area in Mexico to apply for border asylum appointments, hoping to slow push north
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Kroger and Albertsons head to court to defend merger plan against US regulators’ objections
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Search continues for woman missing after Colorado River flash flood at Grand Canyon National Park
- Foo Fighters will donate to Kamala Harris after Trump used their song 'My Hero'
- Sierra Nevada mountains see dusting of snow in August
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- NFL preseason winners, losers: Trey Lance remains a puzzle for Cowboys
- Where Hailey Bieber and Justin Bieber's Son Jack Sits in the Massive Baldwin Family Tree
- Residential real estate was confronting a racist past. Then came the commission lawsuits
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
US agency to reexamine permit for Hyundai’s $7.6 billion electric vehicle plant in Georgia
Election 2024 Latest: Harris and Trump campaigns tussle over muting microphones at upcoming debate
Sophia Grace Is Pregnant, Expecting Baby No. 2
B.A. Parker is learning the banjo
Former MMA fighter Ronda Rousey apologizes for posting Sandy Hook conspiracy online 11 years ago
Watch these compelling canine tales on National Dog Day
Man distraught over planned sale of late mother’s home fatally shoots 4 family members and himself