{"id":2064935,"date":"2024-10-16T14:42:35","date_gmt":"2024-10-16T19:42:35","guid":{"rendered":"https:\/\/www.tasteofhome.com\/?p=2064935"},"modified":"2024-10-16T14:42:35","modified_gmt":"2024-10-16T19:42:35","slug":"america-say-your-goodbyes-to-kmart","status":"publish","type":"post","link":"https:\/\/www.tasteofhome.com\/article\/america-say-your-goodbyes-to-kmart\/","title":{"rendered":"America, Say Your Goodbyes to Kmart"},"content":{"rendered":"On Sunday, October 20, the Kmart in Bridgehampton, New York\u2014the last full-size Kmart store in the continental U.S.\u2014will close its doors forever. Employees confirmed the store's closure to the media<\/a>, an unceremonious end to a national retail chain that for decades offered the department store experience at a discount price. As a millennial who often accompanied my mom on errands, I will always remember Kmart as one of the more enjoyable big-box stores we'd hit in our weekly rotation.\r\n\r\nOne of the secrets to Kmart's success from the 1960s to the 1990s was offering guests a sense of discovery. It not only sold merchandise through exclusive partnerships with celebrities like Martha Stewart but also became famous for its \"blue light specials,\" or flash discounts on certain items, indicated by a literal rotating blue light and an announcement over the PA system. Kmart, like Walmart and Target, sold everything from food to cosmetics to shoes, and it promised a quality shopping experience to a wide range of shoppers.\r\n\r\nKmart was America's second-largest retailer until 1990 when it was surpassed by Walmart. It never recovered its position. What happened to this once great big-box chain?\r\n

What happened to Kmart?<\/h2>\r\nThroughout the 1970s, as it expanded nationwide, Kmart steadily drove a number of similar chains out of business. That left only its most fearsome competitors, Walmart and Target, to nip at Kmart's heels and fight for shoppers' loyalty. Yet while those other chains aggressively expanded and invested in their brand identity, Kmart focused on acquisitions that distracted from its core business. The company bought up\u2014and often later sold off\u2014chains such as The Sports Authority, Borders and OfficeMax.\r\n\r\nKmart also fell behind its competitors in technological advancements, failing to build up an online presence and capture shoppers via digital channels. Some experts also point to consistent supply chain mismanagement<\/a> as a reason that the company struggled to stay profitable. Finally, Kmart's acquisition by a hedge fund in the early 2000s preceded the brand's final death spiral; the new owners prized Kmart's real estate value as an asset to sell off, a strategy at odds with investing in its stores.\r\n\r\nAs The Associated Press<\/a> has pointed out, Walmart's prices are lower and Target's inventory is trendier, leaving Kmart with no niche of its own. Fittingly, The Real Deal<\/em> reports<\/a> that the Bridgehampton location will soon become a Target.\r\n

How many Kmarts are left in the U.S.?<\/h2>\r\nBridgehampton is the last full-size Kmart in the continental United States, but it's not the very<\/em> last Kmart store. CNN reports<\/a> that one small-format store remains in Miami. There are also Kmart stores in Guam and the U.S. Virgin Islands\u2014none of which have announced any plans to close. Guam has actually been a top-selling location for years, and the store remains popular there due to a lack of competition.\r\n\r\nIn retail, it seems like the only constant is change. After all, my family only ever started shopping at Kmart because Kmart itself bought up and supplanted the big-box store that sat in the same spot. Venture, I'll always have a spot in my discount shopper's heart for you, too.\r\n\r\n[cf]skyword_tracking_tag[\/cf]","protected":false},"excerpt":{"rendered":"

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