Current:Home > InvestTurn out the blue light: Last full-size Kmart store in continental US to close -Quantum Finance Bridge
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-16 05:42:54
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! (263)
Related
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Early returns are in, and NBA's new and colorful in-season tournament is merely meh
- Louisiana-Monroe staff member carted off after sideline collision in game vs. Southern Miss
- Supporters celebrate opening of Gay Games in Hong Kong, first in Asia, despite lawmakers’ opposition
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- AP Top 25: USC drops out for first time under Lincoln Riley; Oklahoma State vaults in to No. 15
- FDA proposes banning ingredient found in some citrus-flavored sodas
- Luis Diaz sends a message for his kidnapped father after scoring for Liverpool
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- NASCAR Cup Series Championship Race: Start time, TV, streaming, lineup for Phoenix
Ranking
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Gunmen kill 5 people in an apparent dispute over fuel theft in central Mexico, police say
- Chiefs want to be ‘world’s team’ by going global with star power and Super Bowl success
- Lawsuit claims Russell Brand sexually assaulted woman on the set of Arthur
- Sonya Massey's father decries possible release of former deputy charged with her death
- AP Top 25 Takeaways: Separation weekend in Big 12, SEC becomes survive-and-advance day around nation
- Early returns are in, and NBA's new and colorful in-season tournament is merely meh
- CB Xavien Howard and LT Terron Armstead active for Dolphins against Chiefs in Germany
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
Winter is coming. Here's how to spot — and treat — signs of seasonal depression
Louisiana-Monroe staff member carted off after sideline collision in game vs. Southern Miss
Indiana police investigate shooting that left 3 people dead
Average rate on 30
How Notre Dame blew it against Clemson, lost chance at New Year's Six bowl game
Ukraine minister says he wants to turn his country into a weapons production hub for the West
Below Deck Down Under's Captain Jason Chambers Kissed This Real Housewife at BravoCon 2023