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Former retail giant Kmart nears extinction as closure reduces US store count to 3

In its heyday, Kmart operated well over 2,000 stores and was firmly a piece of American culture
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While many shelves are empty, furniture and fixtures are on still on sale at the Kmart in Avenel, N.J., Monday, April 4, 2022. When the Kmart in Avenel closes its doors on April 16, it will leave only three remaining U.S. locations for the former retail powerhouse. It91裸聊视频檚 a far cry from the chain91裸聊视频檚 heyday in the 1980s and 91裸聊视频90s when it had more than 2,000 stores and sold product lines endorsed by Martha Stewart and former 91裸聊视频淐harlie91裸聊视频檚 Angel91裸聊视频 Jaclyn Smith. (AP Photo/Seth Wenig)

The familiar sights and sounds are still there: the scuffed and faded floor tiles, the relentless beige-on-beige color scheme, the toddlers91裸聊视频 clothes and refrigerators and pretty much everything in between.

There91裸聊视频檚 even a canned recording that begins, 91裸聊视频淎ttention, Kmart shoppers91裸聊视频 91裸聊视频 except it91裸聊视频檚 to remind folks about COVID-19 precautions, not to alert them to a flash sale over in ladies91裸聊视频 lingerie like days of old.

Many of the shelves are bare, though, at the Kmart in Avenel, New Jersey, picked over by bargain hunters as the store prepares to close its doors for good April 16.

Once it shutters, the number of Kmarts in the U.S. 91裸聊视频 once well over 2,000 91裸聊视频 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.

The demise of the the store in the middle-class suburb, 15 miles (24 kilometers) south of New York City, is the tale of the death of the discount department store writ small.

91裸聊视频淵ou91裸聊视频檙e always thinking about it because stores are closing all over, but it91裸聊视频檚 still sad,91裸聊视频 said cashier Michelle Yavorsky, who said she has worked at the Avenel store for 2 1/2 years. 91裸聊视频淚91裸聊视频檒l miss the place. A lot of people shopped here.91裸聊视频

In its heyday, Kmart sold product lines endorsed by celebrities Martha Stewart and Jaclyn Smith, sponsored NASCAR auto races and was mentioned in movies including 91裸聊视频淩ain Man91裸聊视频 and 91裸聊视频淏eetlejuice.91裸聊视频 It was name-dropped in songs by artists from Eminem to the Beastie Boys to Hall & Oates; in 2003, Eminem bought a 29-room, suburban Detroit mansion once owned by former Kmart chairman Chuck Conaway.

The chain cemented a place in American culture with its Blue Light Specials, a flashing blue orb affixed to a pole that would beckon shoppers to a flash sale in progress. Part of its success was due to its early adoption of layaway programs, which allowed customers who lacked credit to reserve items and pay for them in installments.

For a time, Kmart had a little bit of everything: You could shop for your kids91裸聊视频 back-to-school supplies, get your car tuned up and grab a meal without leaving the premises.

91裸聊视频淜mart was part of America,91裸聊视频 said Michael Lisicky, a Baltimore-based author who has written several books on U.S. retail history. 91裸聊视频淓verybody went to Kmart, whether you liked it or not. They had everything. You had toys. You had sporting goods. You had candy. You had stationery. It was something for everybody. This was almost as much of a social visit as it was a shopping visit. You could spend hours here. And these just dotted the American landscape over the years.91裸聊视频

Kmart91裸聊视频檚 decline has been slow but steady, brought about by years of falling sales, changes in shopping habits and the looming shadow of Walmart, which coincidentally began its life within months of Kmart91裸聊视频檚 founding in 1962.

Struggling to compete with Walmart91裸聊视频檚 low prices and Target91裸聊视频檚 trendier offerings, Kmart filed for Chapter 11 bankruptcy protection in early 2002 91裸聊视频 becoming the largest U.S. retailer to take that step 91裸聊视频 and announced it would close more than 250 stores.

A few years later, hedge fund executive Edward Lampert combined Sears and Kmart and pledged to return them to their former greatness, but the recession and the rising dominance of Amazon contributed in derailing those goals. Sears filed for Chapter 11 in 2018 and currently has a handful of stores left in the U.S. where it once had thousands.

Kmarts continue to operate in Westwood, New Jersey; Bridgehampton, on New York91裸聊视频檚 Long Island, and Miami.

It didn91裸聊视频檛 have to end this way, according to Mark Cohen, director of retail studies at Columbia University in New York and former CEO of Sears Canada. Trying to compete with Walmart on price was a foolish strategy, he said, and Lampert was criticized for not having a retail background and appearing more interested in stripping off the assets of the two chains for their cash value.

91裸聊视频淚t91裸聊视频檚 a study in greed, avarice and incompetence,91裸聊视频 Cohen said. 91裸聊视频淪ears should have never gone away; Kmart was in worse shape, but not fatally so. And now they91裸聊视频檙e both gone.

91裸聊视频淩etailers fall by the wayside sometimes because they91裸聊视频檙e selling things people don91裸聊视频檛 want to buy,91裸聊视频 he continued. 91裸聊视频淚n the case of Kmart, everything they used to sell, people are buying but they91裸聊视频檙e buying it from Walmart and Target.91裸聊视频

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.

Nationwide, some former Kmarts remain vacant while others have been replaced by other big-box stores, fitness centers, self-storage facilities, even churches. One former site in Colorado Springs, Colorado, is now a popular dine-in movie theater.

Employees at the Kmart in Avenel found out last month that the store would close.

Unlike 20 years ago, when news of impending Kmart closures around the country prompted an outpouring of support from loyal shoppers and a Detroit radio station even mounted a campaign to try and save a local store, the closing of the Avenel location was met mostly with an air of resignation.

91裸聊视频淚t91裸聊视频檚 maybe a little nostalgic because I91裸聊视频檝e lived my whole life in this area, but it91裸聊视频檚 just another retail store closing,91裸聊视频 said Jim Schaber, a resident of nearby Iselin who said his brother worked in the shoe department at Kmart for years. 91裸聊视频淚t91裸聊视频檚 just another sign of people doing online shopping and not going out to the retail stores.91裸聊视频

The closing packed a little more of an emotional punch for Mike Jerdonek, a truck driver who recalled shopping at Kmart in Brooklyn and Queens in his younger days.

91裸聊视频淚t91裸聊视频檚 like history passing right in front of our eyes,91裸聊视频 he said as he sat in his car outside the Avenel store. 91裸聊视频淲hen I was younger I didn91裸聊视频檛 have any money, so it was a good place to shop because the prices were cheap. And to see it gone right now, it91裸聊视频檚 kind of sad.91裸聊视频

91裸聊视频擠avid Porter, The Associated Press





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