Current:Home > NewsTurn out the blue light: Last full-size Kmart store in continental US to close -ProfitPioneers Hub
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-14 03:26:02
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! (81)
Related
- Highlights from Trump’s interview with Time magazine
- Why members of two of EPA's influential science advisory committees were let go
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Arkansas State Police probe death of woman found after officer
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- 'We're reborn!' Gazans express joy at returning home to north
- Stamford Road collision sends motorcyclist flying; driver arrested
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Former longtime South Carolina congressman John Spratt dies at 82
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- The company planning a successor to Concorde makes its first supersonic test
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Could your smelly farts help science?
A White House order claims to end 'censorship.' What does that mean?
Louvre will undergo expansion and restoration project, Macron says
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management