Current:Home > InvestTurn out the blue light: Last full-size Kmart store in continental US to close -InvestPioneer
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-18 18:13:02
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! (39)
Related
- Current, future North Carolina governor’s challenge of power
- Derailed Train in Ohio Carried Chemical Used to Make PVC, ‘the Worst’ of the Plastics
- The ‘Environmental Injustice of Beauty’: The Role That Pressure to Conform Plays In Use of Harmful Hair, Skin Products Among Women of Color
- New York’s New Mayor Has Assembled a Seasoned Climate Team. Now, the Real Work Begins
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Be the Host With the Most When You Add These 18 Prime Day Home Entertaining Deals to Your Cart
- 38 Amazon Prime Day Deals You Can Still Shop Today: Blenders, Luggage, Skincare, Swimsuits, and More
- Environmental Advocates Protest Outside EPA Headquarters Over the Slow Pace of New Climate and Clean Air Regulations
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Landowners Fear Injection of Fracking Waste Threatens Aquifers in West Texas
Ranking
- Questlove charts 50 years of SNL musical hits (and misses)
- Zayn Malik Reveals the Real Reason He Left One Direction
- The Vampire Diaries' Kat Graham and Producer Darren Genet Break Up One Year After Engagement
- Turn Your House Into a Smart Home With These 19 Prime Day 2023 Deals: Ring Doorbell, Fire TV Stick & More
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Biden Administration Allows Controversial Arctic Oil Project to Proceed
- Why It’s Time to Officially Get Over Your EV Range Anxiety
- In Pennsylvania, Home to the Nation’s First Oil Well, Environmental Activists Stage a ‘People’s Filibuster’ at the Bustling State Capitol
Recommendation
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Shawn Johnson Weighs In On Her Cringe AF Secret Life of the American Teenager Cameo
Turn Your House Into a Smart Home With These 19 Prime Day 2023 Deals: Ring Doorbell, Fire TV Stick & More
Legislative Proposal in Colorado Aims to Tackle Urban Sprawl, a Housing Shortage and Climate Change All at Once
Most popular books of the week: See what topped USA TODAY's bestselling books list
In Pennsylvania, Home to the Nation’s First Oil Well, Environmental Activists Stage a ‘People’s Filibuster’ at the Bustling State Capitol
California Activists Redouble Efforts to Hold the Oil Industry Accountable on Neighborhood Drilling
If You Bend the Knee, We'll Show You House of the Dragon's Cast In and Out of Costume