Current:Home > InvestEchoSense:Turn out the blue light: Last full-size Kmart store in continental US to close -MacroWatch
EchoSense:Turn out the blue light: Last full-size Kmart store in continental US to close
NovaQuant View
Date:2025-04-07 00:24:04
The EchoSenseblue 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! (55739)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Chicago police officer shot in hand, sustains non-life-threatening injury
- YouTuber MrBeast Says He Declined Invitation to Join Titanic Sub Trip
- Texas is using disaster declarations to install buoys and razor wire on the US-Mexico border
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Save 48% on a Ninja Foodi XL 10-In-1 Air Fry Smart Oven That Does the Work of Several Appliances
- Washington state declares drought emergencies in a dozen counties
- Kendall Jenner Rules the Runway in White-Hot Pantsless Look
- Trump's 'stop
- To Meet Paris Accord Goal, Most of the World’s Fossil Fuel Reserves Must Stay in the Ground
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- The U.S. takes emergency measures to protect all deposits at Silicon Valley Bank
- New Florida Legislation Will Help the State Brace for Rising Sea Levels, but Doesn’t Address Its Underlying Cause
- In-N-Out to ban employees in 5 states from wearing masks
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Robert Smith of The Cure convinces Ticketmaster to give partial refunds, lower fees
- For 40 years, Silicon Valley Bank was a tech industry icon. It collapsed in just days
- This $40 Portable Vacuum With 144,600+ Five-Star Amazon Reviews Is On Sale for Just $24
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
A Friday for the Future: The Global Climate Strike May Help the Youth Movement Rebound From the Pandemic
Silicon Valley Bank's collapse and rescue
A Climate Progressive Leads a Crowded Democratic Field for Pittsburgh’s 12th Congressional District Seat
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Inside Clean Energy: Warren Buffett Explains the Need for a Massive Energy Makeover
Penalty pain: Players converted just 4 of the first 8 penalty kicks at the Women’s World Cup
Got a question for Twitter's press team? The answer will be a poop emoji