Current:Home > MarketsTurn out the blue light: Last full-size Kmart store in continental US to close -VitalWealth Strategies
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-14 23:42:10
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! (189)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- 'Yellowstone' premiere: Record ratings, Rip's ride and Billy Klapper's tribute
- Kentucky gets early signature win at Champions Classic against Duke | Opinion
- College Football Playoff bracket: Complete playoff picture after latest rankings
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Will the NBA Cup become a treasured tradition? League hopes so, but it’s too soon to tell
- Denzel Washington teases retirement — and a role in 'Black Panther 3'
- What are the best financial advising companies? Help USA TODAY rank the top U.S. firms
- South Korean president's party divided over defiant martial law speech
- TikToker Campbell “Pookie” Puckett Gives Birth, Welcomes First Baby With Jett Puckett
Ranking
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Certifying this year’s presidential results begins quietly, in contrast to the 2020 election
- ‘Maybe Happy Ending’ review: Darren Criss shines in one of the best musicals in years
- Kraft Heinz stops serving school-designed Lunchables because of low demand
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Lee Zeldin, Trump’s EPA Pick, Brings a Moderate Face to a Radical Game Plan
- Skai Jackson announces pregnancy with first child: 'My heart is so full!'
- John Krasinski Revealed as People's Sexiest Man Alive 2024
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Wendi McLendon-Covey talks NBC sitcom 'St. Denis Medical' and hospital humor
Watch as dust storm that caused 20-car pileup whips through central California
'Bizarre:' Naked man arrested after found in crawl space of California woman's home
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Gossip Girl Actress Chanel Banks Reported Missing After Vanishing in California
Mike Tyson impresses crowd during workout ahead of Jake Paul fight
John Krasinski named People magazine’s 2024 Sexiest Man Alive