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A smaller Kmart in Miami, Florida, will remain open, after the chain closed a store in Westwood, NJ late last year. The company had shuttered its third-to-last location in Avenel, NJ in April 2022.
Sears and Kmart have closed more than 3,500 stores and cut about 250,000 jobs in the past 15 years. The closings do not affect the company's Sears Hometown stores, which specialize in home ...
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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 Australia has dropped the 'must-have' jeans that are said to be a designer 'dupe' of Posh Spice's go-to denim. And it's not hard to see why they are flying off the shelves.
When the Kmart in Avenel, New Jersey, closes its doors on April 16, it will leave just a handful of remaining U.S. locations for the former retail powerhouse.
Kmart is owned by Sears, which purchased the chain out of bankruptcy in 2005. There were 2,100 Kmart locations at the time of its 2002 bankruptcy filing, and 1,400 when it was purchased by Sears.
The last full-size Kmart in the contiguous United States had been able to survive longer than other stores based on that limited competition. “We need a store like this,” said Arnone.
Kmart once boasted more than 2,000 stores in the U.S. before merging with Sears in 2005 in a deal engineered by hedge fund manager and CEO Eddie Lampert, according to USA Today.