Current:Home > reviewsTurn out the blue light: Last full-size Kmart store in continental US to close -Zenith Profit Hub
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-15 12:56:58
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! (6563)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Nikki Reed and Ian Somerhalder Pay Tribute to Twilight and Vampire Diaries Roles on TikTok
- Luis Vasquez, known as musician The Soft Moon, dies at 44
- Soldiers find workshop used to make drone bombs, grenade launchers and fake military uniforms in Mexico
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Aridity Could Dry Up Southwestern Mine Proposals
- Judge ends suspension of Illinois basketball star Terrence Shannon Jr., charged with rape
- Fall in Love With Coach Outlet’s Valentine’s Day Drop Featuring Deals Up to 75% Off Bags & More
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Walmart managers to earn at least $128,000 a year in new salary program, company announces
Ranking
- What to watch: O Jolie night
- An explosive case of police violence in the Paris suburbs ends with the conviction of 3 officers
- Hostage families protest outside Netanyahu’s home, ramping up pressure for a truce-for-hostages deal
- Wall Street hits record high following a 2-year round trip scarred by inflation
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- JetBlue and Spirit Airlines say they will appeal a judge’s ruling that blocked their merger
- Professor's deep dive into sobering planetary changes goes viral. Here's what he found.
- Kanye West debuts metal teeth: 'Experimental dentistry' didn't involve removing his real teeth
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Social media and a new age of cults: Has the internet brought more power to manipulators?
Alabama five-star freshman quarterback Julian Sayin enters transfer portal
Grand jury indictment against Alec Baldwin opens two paths for prosecutors
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Judge orders release of ‘Newburgh Four’ defendant and blasts FBI’s role in terror sting
Air pollution and politics pose cross-border challenges in South Asia
Parents of Mississippi football player who died sue Rankin County School District