Soon there will be only three open Kmart stores in the U.S.
The Kmart store in Avenel, New Jersey, 15 miles south of New York City, is the latest store scheduled to permanently close on Saturday.
SB360 Capital Partners is managing the store closing sale, according to the liquidation firm's website.
Once it shutters, the number of Kmarts in the U.S. – once well over 2,000 –will be down to three in the continental U.S. and a handful of stores elsewhere, according to multiple reports, in a retail world now dominated by Walmart, Target and Amazon.
For 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.
Together, Sears and Kmart have closed more than 3,500 stores and cut about 250,000 jobs in the past 15 years.
The Kmart store in Avenel, New Jersey, 15 miles south of New York City, is the latest store scheduled to permanently close on Saturday.
SB360 Capital Partners is managing the store closing sale, according to the liquidation firm's website.
Once it shutters, the number of Kmarts in the U.S. – once well over 2,000 –will be down to three in the continental U.S. and a handful of stores elsewhere, according to multiple reports, in a retail world now dominated by Walmart, Target and Amazon.
For 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.
Together, Sears and Kmart have closed more than 3,500 stores and cut about 250,000 jobs in the past 15 years.