Current:Home > MarketsTurn out the blue light: Last full-size Kmart store in continental US to close -Pinnacle Profit Strategies
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-16 22:33:59
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! (42)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Ryan Seacrest's Girlfriend Aubrey Paige Pens Message to Inspiring Host on His Last Day at Live
- Can Fragrances Trigger Arousal? These Scents Will Get You in the Mood, According to a Perfumer
- Millie Bobby Brown Shares Close-Up of Her Engagement Ring From Jake Bongiovi
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Nuclear power is gaining support after years of decline. But old hurdles remain
- Zombie ice will raise sea levels more than twice as much as previously forecast
- Drought is driving elephants closer to people. The consequences can be deadly
- Intel's stock did something it hasn't done since 2022
- Alpine avalanche in Italy leaves 7 known dead
Ranking
- The Daily Money: Spending more on holiday travel?
- Kathy Griffin Diagnosed With “Extreme Case” of Complex PTSD
- How Vanessa Hudgens Knew Cole Tucker Was the One to Marry
- Fireproofing your home isn't very expensive — but few states require it
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Becky G Makes Cryptic Comment at Coachella Amid Sebastian Lletget Cheating Rumors
- Your local park has a hidden talent: helping fight climate change
- A New Mexico firewatcher describes watching his world burn
Recommendation
2025 'Doomsday Clock': This is how close we are to self
Factual climate change reporting can influence Americans positively, but not for long
Drought is driving elephants closer to people. The consequences can be deadly
24-Hour Flash Deal: Save $100 on This Shark Vacuum and Make Your Chores So Much Easier
Bill Belichick's salary at North Carolina: School releases football coach's contract details
The Exact Moment Love Is Blind’s Paul Decided What to Tell Micah at Altar
A U.S. uranium mill is near this tribe. A study may reveal if it poses a health risk
Yellowstone National Park partially reopens after floods