Current:Home > InvestTurn out the blue light: Last full-size Kmart store in continental US to close -ProgressCapital
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-15 19:02:55
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! (68252)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Fighting conspiracy theories with comedy? That’s what the Onion hopes after its purchase of Infowars
- Beyoncé has released lots of new products. Here's a Beyhive gift guide for the holidays
- Skiing legend Lindsey Vonn ends retirement, plans to return to competition
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- New York races to revive Manhattan tolls intended to fight traffic before Trump can block them
- What is ‘Doge’? Explaining the meme and cryptocurrency after Elon Musk's appointment to D.O.G.E.
- After years of unrest, Commanders have reinvented their culture and shattered expectations
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Martin Scorsese on the saints, faith in filmmaking and what his next movie might be
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- The Surreal Life’s Kim Zolciak Fuels Dating Rumors With Costar Chet Hanks After Kroy Biermann Split
- Judge hears case over Montana rule blocking trans residents from changing sex on birth certificate
- Louisville officials mourn victims of 'unthinkable' plant explosion amid investigation
- Chief beer officer for Yard House: A side gig that comes with a daily swig.
- Dramatic video shows Phoenix police rescue, pull man from car submerged in pool: Watch
- Martin Scorsese on faith in filmmaking, ‘The Saints’ and what his next movie might be
- Beyoncé has released lots of new products. Here's a Beyhive gift guide for the holidays
Recommendation
Police remove gator from pool in North Carolina town: Watch video of 'arrest'
Businesses at struggling corner where George Floyd was killed sue Minneapolis
Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
Trading wands for whisks, new Harry Potter cooking show brings mess and magic
Report: Lauri Markkanen signs 5-year, $238 million extension with Utah Jazz
The Fate of Hoda Kotb and Jenna Bush Hager's Today Fourth Hour Revealed
Tennessee suspect in dozens of rapes is convicted of producing images of child sex abuse
Hurricane-stricken Tampa Bay Rays to play 2025 season at Yankees’ spring training field in Tampa