Last Full-Size Kmart Closes in New York

Kmart, once a prominent U.S. retail chain with over 2,000 locations, has closed its last full-sized store in Bridgehampton, New York, leaving only a small outlet in Miami and a few in the U.S. Virgin Islands and Guam. The Bridgehampton store closure marks the end of an era, with Target set to replace it. The decline of Kmart is attributed to rising competition from Walmart and Target, changing consumer preferences, and the growth of e-commerce. Kmart's merger with Sears in 2005 further strained the company, leading to multiple bankruptcies and closures. At its peak, Kmart was known for its Blue Light Specials, enticing customers with in-store discounts. Transformco, which acquired the assets of Sears and Kmart in 2019, has not commented on the closure.