{"id":1432185,"date":"2022-04-12T07:44:49","date_gmt":"2022-04-12T11:44:49","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1432185"},"modified":"2022-04-12T07:44:53","modified_gmt":"2022-04-12T11:44:53","slug":"kmarts-once-ironic-empire-is-down-to-their-last-three-stores","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kmarts-once-ironic-empire-is-down-to-their-last-three-stores\/","title":{"rendered":"Kmart\u2019s Once-Ironic Empire Is Down to Their Last Three Stores"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fkmarts-once-ironic-empire-is-down-to-their-last-three-stores%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1432185&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Here are your FOX Business Flash top headlines for April 11.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxbusiness.com\/category\/retail\" target=\"_blank\" rel=\"noopener\">Kmart<\/a> is shedding another one of its brick-and-mortar department stores, leaving only a handful left in the country.\u00a0<\/p>\n<p>Its Avenel, New Jersey, store is slated to close its doors for good on Saturday. Employees at the Kmart location found out just last month that it would close.<\/p>\n<p>Kmart, now owned by Transformco, once had over 2,000 locations nationwide. Now, after this next closure, it will be down to just three in the continental U.S. and a handful of stores elsewhere, according to multiple reports.\u00a0<\/p>\n<p><a href=\"http:\/\/foxbusiness.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong><\/a><\/p>\n<p>Kmart\u2019s 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 Kmart\u2019s founding in 1962.\u00a0<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/04\/931\/523\/Kmart-store-NJ.jpg?ve=1&#038;tl=1\" alt=\"Kmart New Jersey\" \/><\/div>\n<div class=\"caption\">\n<p><span>A woman leaves a Kmart in Avenel, New Jersey, Monday, April 4, 2022.<\/span><span> (AP Photo\/Seth Wenig \/ AP Newsroom)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Eventually, Kmart filed for Chapter 11 bankruptcy protection in early 2002 \u2013 the largest U.S. retailer to do so \u2013 after struggling to compete with other heavy hitters in the industry. It announced it would shutter more than 250 stores.\u00a0<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><strong>\u00a0<\/strong><\/p>\n<p>A few years later, hedge fund executive Eddie Lampert combined Sears and Kmart and pledged to return them to their former greatness, but the recession and the rising dominance of Amazon contributed to 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.<\/p>\n<p>Kmart continues to operate in Westwood, New Jersey; Bridgehampton, on New York\u2019s Long Island; and Miami.<\/p>\n<p>Representatives for Transformco did not immediately return FOX Business&#8217; request for comment.<\/p>\n<p><i>The Associated Press contributed to this report.\u00a0<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are your FOX Business Flash top headlines for April 11. Kmart is shedding another one of its brick-and-mortar department stores, leaving only a handful left in<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1432185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1432185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1432185"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1432185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1432185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1432185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1432185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}