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, once one of America’s leading discount ... is due to close October 20, according to an employee who answered the phone at the store Monday morning who did not want to give her name.
The Kmart in Bridgehampton will close Oct. 20, employees said. The Kmart store in Bridgehampton — the last full-size Kmart in the United States — will close in October after 25 years in operation.
By the 1990s, Kmart had 2,300 stores around the US, with 350,000 employees. However, K Mart Corporation filed for Chapter 11 bankruptcy protection in 2002 and merged with Sears Holdings in 2005.
20, according to Denise Rivera, an employee who answered the phone at the store late Monday. The manager wasn't available, she said. That will leave only a small Kmart store in Miami. It has a ...