Current:Home > MarketsTurn out the blue light: Last full-size Kmart store in continental US to close -Elevate Profit Vision
Turn out the blue light: Last full-size Kmart store in continental US to close
PredictIQ Quantitative Think Tank Center View
Date:2025-04-10 00:00:24
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! (6)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Proud purple to angry red: These Florida residents feel unwelcome in 'new' Florida
- Proud purple to angry red: These Florida residents feel unwelcome in 'new' Florida
- Hozier talks 'cursed' drawings, Ed Sheeran and 'proud' legacy of 'Take Me to Church'
- In ‘Nickel Boys,’ striving for a new way to see
- Store owner shot to death right in front of her shop after dispute over LGBTQ+ pride flag, authorities say
- If You Love the Drunk Elephant D-Bronzi Drops, You'll Obsess Over the Drunk Elephant Brightening Drops
- 3 dead, 6 wounded in Seattle hookah lounge shooting; no word on suspects
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Children's pony rides banned in Paris following animal rights campaign
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Maui businesses are begging tourists to return after wildfires
- Kate Spade 24-Hour Flash Deal: Get This $300 Crossbody Bag for Just $89
- Environmental groups sue to keep Virginia in Regional Greenhouse Gas Initiative
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Only one in world: Rare giraffe without spots born in Tennessee zoo, now it needs a name
- 'Strays' leads the pack for R-rated dog comedies
- NFL preseason game suspended after New England Patriots corner stretchered off
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Spain captain who scored game-winning goal learns after World Cup final her father died
SpaceX launch livestream: Watch 21 Starlink satellites lift off from California
Anime can invite you into worlds you didn't know before. It does for me
Military service academies see drop in reported sexual assaults after alarming surge
Diamondbacks' Tommy Pham gets into argument with fans after 'disrespectful' comments
Photos of flooded Dodger Stadium go viral after Tropical Storm Hilary hits Los Angeles
Swiss glaciers under threat again as heat wave drives zero-temperature level to record high