Kmart: And then there were…
A retailer that once had about 2,400 stores across the United States and is moving closer to being a relic of the past.
The Kmart store in Woodbridge, N.J., will close its doors on April 17, reported NJ.com. With its closure, there will only be three Kmart stores left in operation, with one in Westwood, N.J., one in Miami and a third on New York’s Long Island in the town of Bridgehampton. The company closed its last-remaining location in Manhattan in July.
Sears Holdings, which was made up of Sears and Kmart stores, filed for bankruptcy in 2018. It emerged in early 2019 when its CEO at the time, Eddie Lampert, secured a roughly $5 billion deal using his hedge fund ESL to buy the retailer’s assets out of court, keeping about 400 Sears and Kmart locations up and running under a new private entity, which is now called Transformco.
[Read More: Sears’ last store in its home state to close]