It’s about to be even harder to go shopping at Kmart.
A Kmart store in New Jersey located 15 miles from New York City is scheduled to permanently close this weekend, USA Today reported. After this closure, there will only be three more K-Mart stores in existence — in New Jersey, New York, and Florida — following a string of closures for the big-box chain. In July, Kmart closed a location in Manhattan’s Astor Place, which was the retailer’s last location in New York City. Another Kmart Manhattan location in Penn Plaza closed in May of 2020.
Why is Kmart closing?
Kmart, which sells a variety of footwear brands such as Adidas, Crocs and Skechers, filed for bankruptcy in 2002. In 2005, Kmart and Sears combined to form Sears Holdings Corporation. At the time, the company was the country’s third-largest retailer, with almost 3,500 retail stores.
Shortly after Sears Holdings filed for bankruptcy in 2018, Transform Holdco LLC, a division of Sears’ former CEO Eddie Lampert’s hedge fund ESL Investments, acquired the struggling retailer out of bankruptcy in February 2019.
Transformco, which currently owns Kmart, did not immediately return FN’s request for comment.
How many Kmart stores are still open?
After the closing of the Avanel, New Jersey Kmart there will be three K-Mart stores left across three different U.S. states. These stores’ locations are as follows:
- Westwood, New Jersey: 700 Broadway
- Bridgehampton, in Long Island, New York: 2044 Montauk Highway
- Miami, Florida: 14091 SW 88th St.
Multiple Sears stores have also closed in recent years. In 2019, Sears Holdings liquidated another 80 Sears and Kmart locations, bringing its total store count close to 600, down from around 2,000 five years ago. That number has continued to dwindle.
Who Is Kmart’s Founder?
Sebastian Spering Kresge opened the first Kmart store in 1899 in downtown Detroit. At the time, the goal was to keep prices low, with everything selling for a nickel or a dime. Kresge expanded to 85 stores in 1912 and hit annual sales of more than $10 million.
FAQs
After this closure, there will only be three more K-Mart stores in existence — in New Jersey, New York, and Florida — following a string of closures for the big-box chain. In July, Kmart closed a location in Manhattan's Astor Place, which was the retailer's last location in New York City.
Where are the only 3 Kmart stores located? ›
Meanwhile, three remaining Kmarts continue to operate in Westwood, New Jersey; Bridgehampton, on New York's Long Island, and Miami. It didn't have to end this way, according to Mark Cohen, director of retail studies at Columbia University in New York and former CEO of Sears Canada.
How many Kmart locations are left? ›
How many Kmart stores are there in the United States? There are 20 Kmart stores in the United States as of June 08, 2023.
Where are the last 4 Kmart stores located? ›
Now with two Kmarts slated to close, that will leave just four stores open in the United States, Kmart death watchers say. One is here in Avenel, and a second in northern New Jersey, in Westwood. The others are on Long Island, New York, and in Miami.
Where is the last Kmart in the world? ›
Dec. 20, 2021 Updated: Dec. 20, 2021 5:17 p.m. Kmart on Sunday permanently closed its store at the McKnight Crossing shopping center in Grass Valley, the retailer's last store in California.
Where are the Kmarts in the US? ›
Once the Kmart in Avanel, New Jersey, closes for good on Saturday, there will be just three stores in the continental U.S. — Westwood, New Jersey; Bridgehampton, New York; and Miami, Florida — and a few outside of the country. At the company's peak in the 1990s, there were more than 2,300 Kmarts in the U.S.
How many Kmart stores are there in the US? ›
West Kendall Kmart store (Copyright 2023 by WPLG Local10.com - All rights reserved.) The number of Kmart stores in the U.S. – once well over 2,000 – is down to just three. The only stores left are in West Kendall, New Jersey and New York.
Where are the remaining Kmart stores located? ›
On February 6, 2020, Kmart announced it would close 15 more stores. As of April 2022, only 3 locations remained in the United States: in Miami, Florida; Westwood, New Jersey; and Bridgehampton, New York.
Where is the biggest Kmart in the world located? ›
1 Kommentar. Guam is Micronesia's hub and an important tourist destination.
Are there any more Kmarts left in the US? ›
Kmarts continue to operate in Westwood, New Jersey; Bridgehampton, on New York's Long Island, and Miami. It didn't have to end this way, according to Mark Cohen, director of retail studies at Columbia University in New York and former CEO of Sears Canada.
2002 - Kmart filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code, and announced the closing of 283 stores.
When did Kmart start to decline? ›
The Fall of Many Kmart Locations
By the 1980's, Kmart had expanded to roughly 2000 individual locations, making it the primary face of the retail world. Zellers–a name most reading this might have to Google–had been beat. The late '80's was, however, the start of the franchise's decline.
How many Kmarts are left in Ohio? ›
Today there are 12 across the U.S. and none in Ohio. Many have become something new, but a handful of the former retailer's buildings still haunt shopping plazas and neighborhoods.
How many Sears are left? ›
As of May 2023, there are 11 total Sears stores remaining, with 10 in the mainland US and one location in the US territory of Puerto Rico.
Why did Kmart close forever? ›
You could spend hours here. And these just dotted the American landscape over the years.” Kmart's decline has been slow but steady, brought about by years of falling sales, changes in shopping habits, and the looming shadow of Walmart, which coincidentally began its life within months of Kmart's founding in 1962.
Who owns Sears now? ›
Why did Kmart shut down in America? ›
Struggling to compete with Walmart's low prices and Target's trendier offerings, Kmart filed for Chapter 11 bankruptcy protection in early 2002 – becoming the largest U.S. retailer to take that step – and announced it would close more than 250 stores.
