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Last Full-Size Kmart Store In US, Located In NY, Set To Close: Here's Where, When
The nation's last remaining full-size Kmart discount department store is just weeks away from permanently closing, according to a new report.
The New York store, located on Long Island, will close on Sunday, Oct. 20, a store employee told NBC affiliate WJAR in Providence on Sunday, Sept. 22.
The store is in Bridgehampton on Montauk Highway (Route 27).
A smaller format store in Miami, Florida remains open, the report said.
Kmart operated around 2,500 stores at its peak in the early 90s, according to government filings. It merged with Sears in 2005.
Earlier remaining full-size Kmart stores…
Sears On Brink Of Bankruptcy, Report Says
After years of store closures, Sears, once the world's largest retailer, could be just days away from facing bankruptcy.
The 125-year-old company, which has not turned a profit since 2010, has approached several banks to prepare for a bankruptcy filing, according to CNBC.
Sears has a $134 million debt payment due Monday that it previously reported it cannot cover, the report said.
Eddie Lampert, a hedge-fund manager who took over as Sears CEO in 2013, said in late September that despite changes in the way it does business, the future looked bleak for the once vibrant company.
“The journey…
