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Kmart will shutter its last big-box store in the U.S. in October, marking the end of an era for the 62-year-old discount chain. Kmart to close its last remaining store in the U.S. Here's where it is.
Kmart's longest lasting logo, used from 1969 to 1990. Under the leadership of executive Harry Cunningham, S.S. Kresge Company opened the first Kmart-named store, at 27,000 square feet (2,500 square meters), which was referred to by Kresge as a "bantam" Kmart and was in fact originally intended to be a Kresge store until late in the planning process, on January 25, 1962, in San Fernando ...
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.
Kmart had 17 locations open by the end of the year, and reached 162 stores by 1966. By 1976, Kmart had expanded to 1,206 locations and over 2,000 stores by 1981. But by the early 2000s, the ...
Kmart closed in August 2016. [1] [2] Former anchors Sears and Staples closed in early 2015. VIP Parts, Tires and Service moved into the Sears Automotive Center. [3] [4] Staples had opened in 2004, taking part of an anchor space previously occupied by Porteous. [5] That Porteous store, closed in 2003, was the last in the chain. [6]
The company closed a number of stores between 2011 and 2013. On December 27, 2011, after poor holiday sales, the company announced 100 to 120 Sears and Kmart stores would close. [23] On February 23, 2012, Sears Holdings Corp. announced it is closing all nine "The Great Indoors" stores. [24]
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End of an Era. After years of steady decline, Kmart has officially closed its last full-size store in mainland U.S. on October 20, 2024. Located in the posh town of Bridgehampton, New York, the ...