Target To Open New Store in Bridgehampton

The last full-sized Kmart in the United States, located in Bridgehampton, NY, will close on October 20, 2024, marking the end of an era for the discount retailer. Target is set to take over the 89,935-square-foot space at Bridgehampton Commons, which reflects Target's ongoing expansion plans, despite many big-box retailers closing locations. The store will join existing tenants such as TJ Maxx and Walgreens, and it marks Target's first location east of Riverhead. While the exact financial terms of the lease takeover remain undisclosed, Target previously acquired the lease in anticipation of Kmart's exit. Kmart's decline has been a long process, with its peak featuring over 2,000 U.S. stores, now reduced to just a few smaller formats and locations outside the mainland. This transition indicates Target's strategy to capitalize on the void left by Kmart in the East End's retail landscape.