By James Myers, OAN Staff
Monday, September 23, 2024 10:52 AM
The last full-sized Kmart store in the United States is officially closing in New York.
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The company's final store, in Bridgehampton, New York, will officially close on October 20th.NumberAccording to the employee I spoke to, Widger.
Kimco Realty Corp., the real estate investment company that owns the shopping center housing the chain's last store, also reportedly confirmed the store would close. Newsday.
Newsday He also said the last storefront had been in business for 25 years.
But Kmart has several stores outside the US and plans to remain open in the US Virgin Islands and Guam. Widger Reported.
The origins of the chain date back to 1899, when Sebastian Spelling Kresge opened the first store in Detroit, a small shop that cost $5.10. Transform Co..
Kresge, under the name S.S. Kresge Company, expanded rapidly over the next decade, and by 1912 had 85 stores across the United States.
The first official Kmart store opened in Garden City, Michigan in 1962. That same year, 17 stores opened across the United States.
By the 1990s, Kmart had 2,300 stores nationwide and employed 350,000 people.
As business began to slow, Kmart filed for Chapter 11 bankruptcy protection in 2002 and merged with Sears Holdings in 2005.
Meanwhile, a small Kmart remains open in Miami, Florida, but it is smaller than a regular store and is being used as a garden department compared to the original store.
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