(C) BoingBoing
Author Name: BoingBoing
This story was originally published on Boingboing.net. [1]
License: CC-BY-NC-SA 3.0.[2]


There are only three Kmarts left

2022-04-11 00:00:00

With the closure of the Kmart in Avenel, New Jersey, only three stores remain. Once a giant among retailers with 2,440 big-box stores spread across the U.S., the chain is now almost dead. WNDU's report from the clearance sale in Avenel is remarkably well-made and emotional, from the Fargoesque music to the comments of Michael Lisicky, who is nonetheless probably more sad about it than you: "these still dot the American landscape as carcasses… everybody went to Kmart whether you liked it or not."

The plain diagnosis: couldn't compete with Walmart on prices or Target on quality, and leadership was unable to find a sustainable place in the middle. The holding company formed to operate the last profitable stores in the bankrupted Sears/Kmart empire, Transformco, seems to be doing better with the remaining 200 or so Searses, though it closed down the last of its auto centers a few months ago.
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[1] URL: https://boingboing.net/2022/04/11/there-are-only-three-kmarts-left.html
[2] URL: https://creativecommons.org/licenses/by-nc-sa/3.0/deed.en_US

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