Current:Home > ScamsTurn out the blue light: Last full-size Kmart store in continental US to close -Mastery Money Tools
Turn out the blue light: Last full-size Kmart store in continental US to close
View
Date:2025-04-15 10:38:16
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! (176)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Who's hosting the 2024 Oscars tonight and who hosted past Academy Awards ceremonies?
- Mike Tyson back in the ring? Just saying those words is a win for 'Iron Mike' (and boxing)
- You Need to See Liza Koshy Handle Her Red Carpet Tumble Like a Total Pro
- Rylee Arnold Shares a Long
- Man dead after being shot by police responding to reports of shots fired at Denver area hotel
- 15 Best-Selling Products on Amazon That Will Help You Adjust to Daylight Savings
- Havertz scores late winner as Arsenal beats Brentford 2-1 to go top of Premier League overnight
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- There shouldn't be any doubts about Hannah Hidalgo and the Notre Dame women's basketball team
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Heidi Klum, Tiffany Haddish and More Stars Stun at the Elton John AIDS Foundation Oscars 2024 Party
- 49ers Quarterback Brock Purdy and Jenna Brandt Are Married
- Lawyer says Missouri man thought his mom was an intruder when he shot and killed her
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- The Wild Case of Scattered Body Parts and a Suspected Deadly Love Triangle on Long Island
- Disney's 'Minnie Kitchen Sink Sundae' for Women's History Month sparks backlash: 'My jaw hit the floor'
- Judge rejects Texas lawsuit against immigration policy central to Biden's border strategy
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
A TV show cooking segment featured a chef frying fish. It ended up being a near-extinct species – and fishermen were furious.
Who's hosting the 2024 Oscars tonight and who hosted past Academy Awards ceremonies?
Mark Ronson Teases Ryan Gosling's Bananas 2024 Oscars Performance of I'm Just Ken
$73.5M beach replenishment project starts in January at Jersey Shore
Margot Robbie Trades Barbie Pink for Shimmering Black at the 2024 Oscars
Slain woman, 96, was getting ready to bake cookies, celebrate her birthday, sheriff says
3 killed in National Guard helicopter crash in Texas