Current:Home > reviewsTurn out the blue light: Last full-size Kmart store in continental US to close -NextFrontier Finance
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-14 08:35:14
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! (4191)
Related
- Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
- Billionaires are ditching Nvidia. Here are the 2 AI stocks they're buying instead.
- Illinois police identify 5 people, including 3 children, killed when school bus, semitruck collide
- Keke Palmer, Jimmy Fallon talk 'Password' Season 2, best celebrity guests
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Director Roman Polanski is sued over more allegations of sexual assault of a minor
- Beyoncé Just Revealed the Official Name of Act II—And We’re Tipping Our Hats to It
- Airbnb bans indoor security cameras for all listings on the platform
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- A former Boeing manager who raised safety concerns is found dead. Coroner suspects he killed himself
Ranking
- USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
- Nashville police continue search for missing Mizzou student Riley Strain
- What to know about a settlement that clarifies what’s legal under Florida’s ‘Don’t Say Gay’ law
- Sister Wives’ Christine Brown Shares Photos Honoring “Incredible” Garrison Brown
- DoorDash steps up driver ID checks after traffic safety complaints
- The View's Whoopi Goldberg Defends Kate Middleton Over Photo Controversy
- Shannen Doherty Says the Clutter Is Out of Her Life Amid Divorce and Cancer Battle
- 5 missing skiers found dead in Swiss Alps, search for 6th continues: We were trying the impossible
Recommendation
How effective is the Hyundai, Kia anti-theft software? New study offers insights.
TikToker Leah Smith Dead at 22 After Bone Cancer Battle
Trump, in reversal, opposes TikTok ban, calls Facebook enemy of the people
Former Alabama Republican US Rep. Robert Terry Everett dies at 87
Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
African American English, Black ASL are stigmatized. Experts say they deserve recognition
Explosion destroys house in Pittsburgh area; no official word on any deaths, injuries
Dan + Shay serenade 'The Voice' contestant and her fiancé, more highlights from auditions