Current:Home > NewsTurn out the blue light: Last full-size Kmart store in continental US to close -Wealth Pursuit Network
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-16 07:09:48
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! (89)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Just two doctors serve this small Alabama town. What's next when they want to retire?
- Senators to meet with Zelenskyy on Thursday
- Missing the Emmy Awards? What's happening with the strike-delayed celebration of television
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- A homeless man living on national forest land was shot by federal police. He's now suing
- Seahawks receiver Tyler Lockett, with game-winning catch, again shows his quiet greatness
- Authorities identify 2 California pilots who died in air racing event in Reno, Nevada
- Stamford Road collision sends motorcyclist flying; driver arrested
- Everything you need to know about this year’s meeting of leaders at the UN General Assembly
Ranking
- All That You Wanted to Know About She’s All That
- Deion Sanders on who’s the best coach in the Power Five. His answer won’t surprise you.
- Authorities search for F-35 jet after 'mishap' near South Carolina base; pilot safely ejected
- Mother of Idaho murders victim Kaylee Goncalves says evidence shows she was trapped
- Intellectuals vs. The Internet
- A look at the prisoners Iran and US have identified previously in an exchange
- The Challenge Stars Nany González and Kaycee Clark Are Engaged
- Co-worker: Rex Heuermann once unnerved her by tracking her down on a cruise: I told you I could find you anywhere
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
American Sepp Kuss earns 'life changing' Vuelta a España win
Fatah gives deadline for handover of general’s killers amid fragile truce in Lebanon refugee camp
Irish Grinstead, member of R&B girl group 702, dies at 43: 'Bright as the stars'
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Israel criticizes UN vote to list ruins near ancient Jericho as World Heritage Site in Palestine
5 people shot, including 2 juveniles, in Boston's Dorchester neighborhood
Kirsten Dunst Proves Her Son Is a Spider-Man Fan—Despite Not Knowing She Played MJ