They were sold to their longtime investor and CEO, Eddie Lampert, who has kept them alive on a shoestring budget under the company name Transformco. Final days for Kmart and Sears?īoth Sears and Kmart were owned by Sears Holdings, which filed for Chapter 11 bankruptcy protection in 2018 and narrowly escaped liquidation in early 2019. Transformco, which owns Kmart and Sears, did not respond to an email seeking comment, and a phone number listed for the company was not taking messages, the Associated Press reported Monday. and a handful of stores elsewhere, according to multiple reports, in a retail world now dominated by Walmart, Target and Amazon.įor now, Kmart stores in the continental U.S., continue to operate in Westwood, New Jersey Bridgehampton, on New York’s Long Island and Miami, Florida.ĬOSTCO HOURS: Costco's senior hours and special COVID hours end this week, clubs closed EasterĭAILY MONEY NEWSLETTER: Money tips and advice delivered right to your inbox. – once well over 2,000 –will be down to three in the continental U.S. Once it shutters, the number of Kmarts in the U.S. SB360 Capital Partners is managing the store closing sale, according to the liquidation firm's website. ![]() The Kmart store in Avenel, New Jersey, 15 miles south of New York City, is the latest store scheduled to permanently close on Saturday. Soon there will be only three open Kmart stores in the U.S. ![]() Watch Video: Last days of former US retail institution Kmart
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