Kmart closes for good in the U.S.: when and where
Kmart was affected by a change in consumer dynamics. All this wiped out each of the more than 2,000 stores they had deployed across the country, to arrive at this moment, when the last surviving store, located in New Jersey, will close its doors soon.
Who could imagine that what was once an empire could fall and be ruined overnight? This is precisely what happened to the retail store called Kmart, which became famous in the United States for always offering discounted items. Today, it is about to close its last location in the country, after owning more than 2,000 properties across the U.S.
Kmart was affected by a change in consumer dynamics. All of this wiped out each of the more than 2,000 stores they had deployed across the country, to arrive at this moment, where the last surviving store, which is located in New Jersey, will close its doors soon.
Kmart’s Last Store Closing in New Jersey: Everything Must Go by October 2023
Its exact location is at 700 Broadway in New Jersey. It is expected to lower its curtains for good by October 2023. On the outside of the store, according to the press in the area, there is a sign that reads “Everything Must Go”.
A few weeks ago, another Kmart location, in Bergen County, closed. But it was just the consequence of the prelude that painted a negative picture for the U.S. chain: in 2019 they closed stores in Wayne, Trenton, Wall and Somers Point.
Kmart is owned by Sears Holdings, which filed for bankruptcy in 2018. So if you are hoping to get some items on clearance price, you can go to the store during its regular hours, which are Monday through Saturday from 9:00 am to 7:00 pm.
After this closure, there will be two more Kmart locations left throughout the United States, the one in Florida, in Kendale Lakes and another store in Bridgehampton, New York. Currently, Sears and Kmart are now owned by privately held retailer Transform Holdco LLC.
The online platforms of both Kmart and Sears are still active. Internet sales are part of the reason that many physical stores are going out of business. A similar fate befell the Bed Bath & Beyond chain.