Kmart to close its last remaining store in the contiguous U.S.

[DigitalDrifter]

Anyone here old enough to have shopped at a 'Kresge's' before they changed to Kmarts?

Kmart is closing its last big-box store in the contiguous U.S., employees with the company told CBS MoneyWatch, capping the retreat of what was once America's dominant discount retailer.

Kmart will shutter its location at Bridgehampton Commons mall in Bridgehampton, New York, on October 20, two workers at the store said. The location is the retailer's only remaining full-size store in the U.S. Kimco Realty, the real estate investment trust that owns Bridgehampton Commons, confirmed that Kmart is leaving the shopping center.

Kmart to close its last remaining store in the contiguous U.S. Here's where it is.

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.

www.cbsnews.com

 

[Rambunctious]

I remember my mom dragging me around from one blue light special to the next....
And then I would get new pajamas....

 

[Picaro]

I thought they were all closed decades ago. Amazing some lasted this long at all.

They failed for the same reasons Mervin's and many other viable businesses got shut down. Some Wall Street swindlers using junk bonds took them 'private', sold all their real estate to themselves separate from the retail side and then jacked up rents so high on the retail side they went bankrupt in the first downturn. Wall Street bankrupts everything it touches.

 

[JGalt]

"Attention Kmart shoppers! Get the fuck out. We're closed..."

 

[toobfreak]

Anyone here old enough to have shopped at a 'Kresge's' before they changed to Kmarts?

Sure. All the time. Kresge's was the big deal for a long time, then K-Mart came along as sort of Kresge's "bargain" store.

Amazon put them out of business.

 

[toobfreak]

I remember my mom dragging me around from one blue light special to the next....
And then I would get new pajamas....

ATTENTION SHOPPERS! AISLE 8!

 

[Picaro]

Not a fan of chain stores; we used to have 6 of Kmart/Walmart type indies here, all different in brands carried and service styles, now there are none as well as a lot of small and medium sized retailers long gone, and now the chains have all jacked up their prices, no competition and the jobs are in Red China or some other shithole manned by slaves.

 

[Captain Caveman]

Anyone here old enough to have shopped at a 'Kresge's' before they changed to Kmarts?

Kmart to close its last remaining store in the contiguous U.S. Here's where it is.

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.

www.cbsnews.com

I'm sure it was a store we use to use in Florida in the 90's. I remember Publix, but Kmart rings a bell.

 

[toobfreak]

I'm sure it was a store we use to use in Florida in the 90's. I remember Publix, but Kmart rings a bell.

 

[pknopp]

I thought they were all closed decades ago. Amazing some lasted this long at all.

They failed for the same reasons Mervin's and many other viable businesses got shut down. Some Wall Street swindlers using junk bonds took them 'private', sold all their real estate to themselves separate from the retail side and then jacked up rents so high on the retail side they went bankrupt in the first downturn. Wall Street bankrupts everything it touches.

Same thing that is cratering Red Lobster.

 

[1srelluc]

They used to have some really decent gun sales around hunting season.

I bought an 1895 Marlin .44 mag Carbine there for $79.00 back in the mid-80s.

 

[JOSweetHeart]

Only one store remains, and it is somewhere in Miami, Florida.

God bless you always!!!

Holly

P.S. The only question is will it survive the upcoming hurricane?