Soon there will be only three Kmart stores open in the US
A Kmart store in Avenell, New Jersey, 15 miles south of New York City, is the latest store to be permanently closed on Saturday.
SB360 Capital Partners operates store closing sale, according to Filter company website.
Once closed, the number of Kmarts in the US will fall – once more than 2,000 – to three in the continental US and a few stores elsewhere, according to multiple reports, in a retail world now dominated by Walmart, Target and Amazon. .
Currently, Kmart stores in the continental United States continue to operate in Westwood, New Jersey; Bridgehampton, on Long Island, New York; and Miami, Florida.
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The Associated Press reported Monday that Transformco, which owns Kmart and Sears, did not respond to an email seeking comment, and the phone number listed for the company did not receive the messages.
The last days of Kmart and Sears?
Both Sears and Kmart were owned by Sears Holdings, which filed for Chapter 11 bankruptcy protection in 2018 and narrowly escaped liquidation in early 2019. They were sold to longtime investor and CEO, Eddie Lambert, who kept them both. Alive on a slim budget under the company name Transformco.
Together, Sears and Kmart have closed more than 3,500 stores and cut about 250,000 jobs in the past 15 years.
Kmart’s decline has been slow but steady, due to years of declining sales, changes in shopping habits and the looming shadow of Walmart, which began life by chance within months of founding Kmart in 1962.
“Kmart was part of America,” said Michael Lesicki, a Baltimore-based author who has written several books on the history of US retail. “Everyone went to Kmart, like it or not. They had everything. You had games. You had sporting goods. You had candy. You had stationery. It was something for everyone. This was as much a social visit as it was a shopping visit. hours here. And those have proliferated on the American scene over the years.”
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The Sears store locator website It was also not accurate as of Monday. Sites that have already been closed are still listed. For example, Fort Lauderdale, Florida, still lists Sears, which the company said in a new version In January it was closed.
In that January release, Transformco said, “Its strategy for Sears and Kmart’s illuminated store is to operate a diversified portfolio consisting of a small number of large, flagship stores with a larger number of convenience stores—along with the Shop Your Way rewards program, and market via the Internet, buying online, taking advantage of the store’s potential.”
The company will “continue to explore both Hometown stores and Home & Life stores in cities and towns that previously had high-volume stores,” the statement said.
Here are the remaining Kmart locations.
Another Kmart store in Florida:
- Miami: 14091 SW 88th St.
New Jersey Kmart Stores, One Close:
- Avenil: 1550 St George Ave. (closed on Saturday)
- Westwood: 700 Broadway
Another Kmart store in New York:
- Bridgehampton: 2044 Montauk Highway
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Contributing: Associated Press
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