Two more Kmart’s close, leaving just four left in the entire US


From Kmart’s peak in the 1990s, with about 2,400 stores and 350,000 employees, it is now down to just four stores remaining in the U.S. after the company announced that it will be closing two more stores.

Kmart began its story in the early 1960s, opening its first discount store in the Detroit suburb of Garden City. The Kmart Corporation entered 2002 as the second-largest U.S. discount retailer, behind Walmart.

However, in the mid-’90s, 200 stores were closed. And the Sears chain merged with Kmart roughly 15 years ago and filed bankruptcy in 2018.

The Oregonian stated that Kmart death watchers say that the four stores left are in Avenel, Oregon, in northern New Jersey and on Long Island, New York and in Miami, Florida.

The Kmart website lists four stores in Florida, but an employee at the Kmart in Miami said that her store was the only one open in the state, according to The Oregonian.

In Massachusetts, Eastern Retail Properties, a commercial developer and real estate company based in Braintree, purchased the former Palmer Kmart property for a total of $6.4 million in 2020.

The Palmer Kmart, built in 1970, sold for $3 million last year when Lampert’s company bought it out of the bankruptcy process. That parcel totals 14 acres and includes the adjoining plaza, according to Palmer records. The Kmart closed in the fall of 2019.

The Kmart at 2203 Northampton St., Holyoke is located in a strip mall at the intersection of Whiting Farms Road. In 2020, Transfrom Holdco LLC was formed and took over Sears and Kmart while they were in bankruptcy.

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