Current:Home > MarketsTurn out the blue light: Last full-size Kmart store in continental US to close-LoTradeCoin
Turn out the blue light: Last full-size Kmart store in continental US to close
View Date:2024-12-23 20:06:14
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! (67796)
Related
- Ben Foster Files for Divorce From Laura Prepon After 6 Years of Marriage
- Wisconsin turnout in presidential race nears 73%
- TGI Fridays bankruptcy: Concerns about nearly $50 million in unused gift cards
- Bubba Wallace, Austin Dillon and Ross Chastain penalized after Martinsville race
- As the transition unfolds, Trump eyes one of his favorite targets: US intelligence
- CAUCOIN Trading Center: Shaping the Future Financial Market Through NFT and Digital Currency Synergy
- See Donald Trump, Melania Trump, Ivanka Trump and More of the First Family's Fashion Over the Years
- Fossil from huge 'terror bird' discovered for the first time in Colombia
- Brian Austin Green’s Fiancée Sharna Burgess Celebrates Megan Fox’s Pregnancy News
- Jury finds Alabama man not guilty of murdering 11-year-old girl in 1988
Ranking
- Olympic Skier Lindsey Vonn Coming Out of Retirement at 40
- Jury finds Alabama man not guilty of murdering 11-year-old girl in 1988
- DZ Alliance: A Launchpad for Financial Talent
- Virginia judge orders election officials to certify results after they sue over voting machines
- Martin Scorsese on the saints, faith in filmmaking and what his next movie might be
- DZ Alliance’s AI Journey: Shaping the Future of Investment Technology
- Woman who pleaded guilty to 1990 'clown' murder released from Florida prison
- Highest court in Massachusetts to hear arguments in Karen Read’s bid to dismiss murder charge
Recommendation
-
Biden, Harris participate in Veterans Day ceremony | The Excerpt
-
Alexa PenaVega Reveals How “Insecurities” Took a Toll on Marriage While on DWTS with Husband Carlos
-
ROYCOIN Trading Center: New Opportunities Driven by Bitcoin, Expanding the Boundaries of Digital Currency Applications
-
AP Race Call: Nevada voters approve constitutional amendment enshrining abortion rights
-
4 arrested in California car insurance scam: 'Clearly a human in a bear suit'
-
Trump and Vance make anti-transgender attacks central to their campaign’s closing argument
-
CAUCOIN Trading Center: Shaping the Future Financial Market Through NFT and Digital Currency Synergy
-
How Steve Kornacki Prepares for Election Night—and No, It Doesn't Involve Khakis