Current:Home > FinanceTurn out the blue light: Last full-size Kmart store in continental US to close -Quantum Capital Pro
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-15 17:01:05
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! (949)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- Belgian police are looking for a Palestinian man following media report he could plan an attack
- Hong Kong cuts taxes for foreign home buyers and stock traders as it seeks to maintain global status
- Watch Brie and Nikki Garcia Help Siblings Find Their Perfect Match in Must-See Twin Love Trailer
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- UAW appears to be moving toward a potential deal with Ford that could end strike
- After 4 years, trial begins for captain in California boat fire that killed 34
- Rents are falling in major cities. Here are 24 metro areas where tenants are paying less this year.
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- LA police commission says officers violated lethal force policy in struggle with man who later died
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Americans relying less on cash, more on credit cards may pay more fees. Here's why.
- Olympic Skater Țara Lipinski Welcomes Baby With Husband Todd Kapostasy Via Surrogate
- Stock market today: World shares mixed after China pledges more support for slowing economy
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Stranded American family faces uncertainty in war-torn Gaza
- Wisconsin wildlife officials to vote new on wolf management plan with no population goal
- Live updates | Israel’s bombardment in Gaza surges, reducing buildings to rubble
Recommendation
Intellectuals vs. The Internet
Wayfair Way Day 2023: The Biggest Sale of the Year is Back With Up to 80% Off Furniture, Decor & More
A century after her birth, opera great Maria Callas is honored with a new museum in Greece
Her boy wandered from home and died. This mom wants you to know the perils of 'elopement.'
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Why this NBA season is different: There's an in-season tournament and it starts very soon
Florida man charged after demanding 'all bottles' of Viagra, Adderall in threat to CVS store
Facing dementia without a diagnosis is crushing. A new program in Kenya offers help