Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

Showing Original Post only (View all)

Eugene

(64,422 posts)
Mon Apr 11, 2022, 05:55 PM Apr 2022

Once a retail giant, Kmart nears extinction after closure [View all]

Source: Associated Press

Once a retail giant, Kmart nears extinction after closure

By DAVID PORTER
April 11, 2022

AVENEL, N.J. (AP) — The familiar sights and sounds are still there: the scuffed and faded floor tiles, the relentless beige-on-beige color scheme, the toddlers’ clothes and refrigerators and pretty much everything in between.

There’s even a canned recording that begins, “Attention, Kmart shoppers” — except it’s to remind folks about COVID-19 precautions, not to alert them to a flash sale over in ladies’ 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. — 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.

-snip-

Read more: https://apnews.com/article/business-new-york-city-new-york-new-jersey-lifestyle-9e06f958526665df9f7c9422f67516ef


People walk into a Kmart in Avenel, N.J., Monday, April 4, 2022. When the New Jersey store closes its doors on April 16, it will leave only three remaining U.S. locations for the former retail powerhouse. It's a far cry from the chain's heyday in the 1980s and ‘90s when it had more than 2,000 stores and sold product lines endorsed by Martha Stewart and former “Charlie's Angel” Jaclyn Smith. (AP Photo/Seth Wenig)

11 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»Issue Forums»Economy»Once a retail giant, Kmar...»Reply #0