Current:Home > StocksTurn out the blue light: Last full-size Kmart store in continental US to close -VisionFunds
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-17 19:48:19
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! (21621)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Kristen Stewart's Fiancée Dylan Meyer Proves Their Love Is Forever With Spicy Message
- Judge rules that Ja Morant acted in self-defense when he punched teenager
- Speaker Johnson will meet with Trump as the Republican House leader fights for his job
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Scientists Are Studying the Funky Environmental Impacts of Eclipses—From Grid Disruptions to Unusual Animal Behavior
- March Madness winners and losers: ACC, UConn, Cinderellas led NCAA Tournament highlights
- Donald De La Haye, viral kicker known as 'Deestroying,' fractures neck in UFL game
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Space station crew captures image of moon's shadow during solar eclipse
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Florida pastor stabbed to death at his church by man living there, police say
- Another Trump delay effort in hush money trial rejected, but judicial panel will take up appeal during trial
- 2024 NFL mock draft: Embracing the chaos of potential smokescreens
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Tax tips for college students and their parents
- Biden administration imposes first-ever national drinking water limits on toxic PFAS
- Green Bay Packers to face Philadelphia Eagles in São Paolo, Brazil in NFL Week 1
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
Today's Google Doodle combines art and science to get in on the total solar eclipse frenzy
Beyoncé's daughter Rumi breaks Blue Ivy's record as youngest female to chart on Hot 100
Ohio’s DeWine focuses on children in his State of the State address
Where will Elmo go? HBO moves away from 'Sesame Street'
Single parent buys spur-of-the-moment lottery ticket while getting salad, wins $1 million
Democrats Daniels and Figures stress experience ahead of next week’s congressional runoff
Group of Jewish and Palestinian women uses dialogue to build bridges between cultures