Reported 15 days ago
Kmart is set to close its last full-size store in Bridgehampton, New York, on October 20, marking the end of an era for the once-prominent discount retailer. After its merger with Sears in 2005, Kmart struggled against competition from bigger retailers like Walmart and Target, ultimately leading to bankruptcy in 2018. Despite retaining a small convenience store format in Miami and a few locations overseas, this closure signifies a significant decline for the brand, which was once a leader in the discount retail market.
Source: YAHOO