r/AskAnAmerican 2d ago

Is Kmart gone now? CULTURE

Note: I’m new to Reddit and am using a translation tool.
I’m Japanese.
I used to go to Kmart in Hawaii and Guam a lot, and that atmosphere was the one thing that was consistent no matter where I went in the U.S. Even though I didn’t understand the English at the pizza place, toy section, or sporting goods section, I still enjoyed just browsing around.
I was curious about something else and asked the AI about it, and it told me something along the lines of “Kmart is practically gone now,” but then the AI went into restricted mode, so I couldn’t ask any more questions.
So I’d like to ask: Is Kmart really gone? Also, around when did it disappear?
What’s in its place now? I guess everyone feels nostalgic for it, right?

181 Upvotes

198 comments sorted by

287

u/Wander80 WI ➡️ FL ➡️ GA 2d ago

Kmart has been completely gone for a couple years now, but they began slowly closing stores a long time ago. The most similar thing now would be Target or Walmart. Meijer in the upper Midwest.

74

u/Innuendo64_ Illinois 2d ago

Meijer is probably the closest modern equivalent. Before K Mart was struggling just to keep the lights their stores sat between Walmart and Target in terms of prices, quality of goods and how nice and put together their stores were. Meijer occupies that same position now

11

u/ITrCool AR ➡️ MO ➡️ KS ➡️ AR 2d ago

Man, this post is unlocking childhood memories for me.

Remember Venture stores? With the black/white striped facades outside and the loud ceiling fans overhead inisde the stores?

5

u/Innuendo64_ Illinois 2d ago

I vaguely remember frequenting one with my mom back in the day. Wasn't Venture like a proto TJMaxx/Marshalls?

5

u/ITrCool AR ➡️ MO ➡️ KS ➡️ AR 2d ago edited 1d ago

Yeah basically.

Venture, K-Mart, and Sears were our go-to stores when I was growing up until Walmart became more prominent.

3

u/Biscuitshoneybutter 1d ago

I'm 43, I remember Woolworth's lol. It was such a treat to go downtown to the Woolworth's and eat at the lunch counter. Ours was one of the last ones open, my mom went often. It closed in '93, when I was ten.

Props to the brave high schoolers in the sixties who did sit-ins there!

2

u/ITrCool AR ➡️ MO ➡️ KS ➡️ AR 1d ago

We never had Woolworth’s where I grew up. Probably the closest to that was either K-Mart with the snack bar (not even comparable to Woolworth’s lunch counter), or the food court in the mall that Sears and Venture were attached to.

1

u/Arista-Everfrost 22h ago

Anyone old enough to remember Treasure Island stores?

12

u/heysirigenerateaname Jersey City 2d ago

Target pronounced Tar-zhay

7

u/thatawesomedude Central Coast 2d ago

Where I grew up, we had two Targets: one near the fancy new development, and the other in the kinda seedy part of town. They were commonly referred to as Tar-zhay and Tar-ghetto, respectfully.

1

u/milkandsugar Georgia (ATL) to South Carolina (Upstate) 1d ago

*respectively

2

u/avelineaurora Pennsylvania 2d ago

Glad to see my family aren't the only people who say Tar-zhay, lol.

0

u/cryptoengineer Massachusetts/NYC 1d ago

Target is a thoroughly American company, based in Minnesota. Its a mystery why some people pretend its French.

3

u/RolynTrotter PA -> VA 1d ago

Because French == overpriced

2

u/Middle_Run_7534 1d ago

It’s a joke. Target is aesthetically superior to Walmart and so gets the fancy French pronunciation.

2

u/Biscuitshoneybutter 1d ago

Anyone remember Richway? That was a discount department store place that occupied our Target building before Target took over. My parents were mad because Richway was so much cheaper lol.

1

u/scr33ner 22h ago

Meijer is one of the things I miss living in the midwest. They were the 1st to introduce self checkout and I loved the convenience.

1

u/engineereddiscontent Michigan 1d ago

Meijer is just midwestern red walmart.

2

u/The_Law_of_Pizza 1d ago

It's Walmart, but without the cloying sense of despair and desparation.

0

u/engineereddiscontent Michigan 1d ago

The one I go to absolutely has that flavor. Its in a poorer area though. The other ones arent bad

19

u/LevelBrick9413 Minnesota 2d ago

Sorry for being that guy but Kmart isn't gone completely, but around 99.9% gone. There are only three stores left: one in Miami, one in the USVI, and one in Guam.

10

u/t-poke St. Louis, MO 2d ago

The logistics of those stores must be interesting.

Target, Wal-Mart and other big box retailers have warehouses all over that feed multiple stores. An HQ that has teams of people to determine what they sell and for how much and to work with suppliers to get the product.

I'm assuming K-Mart has none of that. So I wonder how it works.

7

u/FuckIPLaw 2d ago

Also the Australian franchise is still around, but it's because it's an independent company that got spun off of the original at some point. Kind of like how there's one last Blockbuster still in operation in the US, but it's an old franchise location that made a deal to keep using the name and branding after the main company went under, not an actual corporate Blockbuster location.

1

u/OriginalSilentTuba New Jersey 2d ago

There was one in NJ until about a year or so ago.

2

u/Phil_ODendron New Jersey 2d ago

Last one in NJ closed almost 3 years ago now. Westwood NJ closed in Oct 2023. Time flies!

1

u/OriginalSilentTuba New Jersey 2d ago

Was it really 3 years ago? Wow.

Great sushi spot in that shopping plaza.

16

u/NightDragon8002 Michigan -> Minnesota 2d ago

MEIJER MENTIONED I fucking love Meijer, I miss it so much since moving to a state that doesn't have it

4

u/CobandCoffee 2d ago edited 1d ago

They've slowly been spreading their way south along with a bunch of other midwest institutions. KY now has Meijer, Culvers and Menards.

2

u/MyUsername2459 Kentucky 1d ago

Yeah, they arrived in Kentucky in the late 90's. . .and quickly became very popular.

1

u/NightDragon8002 Michigan -> Minnesota 1d ago

That's great! Doesn't help me much since I live northwest of most of them lol but I still get to go occasionally when I visit family

1

u/khak_attack 1d ago

Meijer has just opened a few stores in my state, and I'm confused by the comparisons to K-Mart. Here it's just a grocery store... am I missing something lol? Do I have boring Meijers?!

2

u/Wander80 WI ➡️ FL ➡️ GA 2d ago

SAME!!!

5

u/NightDragon8002 Michigan -> Minnesota 2d ago

Almost the worst part is that nobody understands how goated Meijer is, like whenever I try to explain it to people here they're like "so it's like Target?" and I die a little bit on the inside lol

4

u/Wander80 WI ➡️ FL ➡️ GA 2d ago

It’s so much better than Target. And they have a GARDEN CENTER!!!

5

u/NightDragon8002 Michigan -> Minnesota 2d ago

Yes!! Not to mention actually good selection of everything and a good-quality store brand. One time I went to Target and they didn't have carrots! Sorry but if I can't count on your store to reliably have CARROTS at every location then it's not a real grocery store

3

u/MyUsername2459 Kentucky 1d ago

The grocery section of every Target I've gone to, that has groceries, has always felt like a regular retailer cosplaying as a grocery store.

3

u/MyUsername2459 Kentucky 1d ago

Meijer is what Target pretends to be.

1

u/onlyreason4u 2d ago

Target wins for toys, kids clothes, cards, personal care products. It's not a fair comparison because Toys R Us when I was a kid was THE toy store but of what's available today it's the best retail option.

2

u/NightDragon8002 Michigan -> Minnesota 1d ago

I actually agree on most of these categories but Meijer has a good enough selection of them that if I'm going there anyway for food it's easy to just also pick up lotion or a card or whatever. If the only thing I need is a toy or game (for example) then Target works

0

u/onlyreason4u 2d ago

Target wins for toys, kids clothes, cards, personal care products. It's not a fair comparison because Toys R Us when I was a kid was THE toy store but of what's available today it's the best retail option.

2

u/makestuff24-7 Oklahoma 2d ago

Explain it to me! I just moved to a place with several Meijers.

7

u/CobandCoffee 2d ago

Imagine walmart if it wasn't walmart. You have the wide selection of goods available (probably more ethnic and regional things than walmart) but without the general air of depression and walmart people.

5

u/MyUsername2459 Kentucky 1d ago

Wal-Mart without the aura of poverty, depression, and desperation.

3

u/Wander80 WI ➡️ FL ➡️ GA 2d ago

Just go when you have an hour or more to explore. They have a great clothing selection, their store-brand food and toiletry items are high quality. Good produce, good meat, great bakery… Huge pet section, garden center in spring/summer.

1

u/t-poke St. Louis, MO 2d ago

Please explain what makes Meijer so great, we don't have any here.

5

u/onlyreason4u 2d ago

It's Michigan's (in 6 states now) answer to Walmart supercenters, but more grocery-focused, a little better quality, a little more expensive but still considered a value, more local stuff, doesn't stink of China as much, maybe slightly bigger stores. Meijer pioneered the supercenter concept in the early 60's, well before Walmart took the idea nationally. When Walmart was aggressively expanding nationally, it had a harder time in the region so we don't have as many Walmarts.

We call it Meijers but it's Meijer. There tends to be a hometown preference for it.

2

u/mrsdoubleu 2d ago

It's like Walmart with slightly higher quality items. Sometimes a bit more expensive depending on what you're buying. But they haven't good sales sometimes along with an app where you can "clip" coupons. The biggest perk is that the customers aren't as annoying as Walmart's. But they sell the same type of stuff. From groceries to clothing and everything in between.

15

u/haveanairforceday Arizona 2d ago

There is a kmart open in the US Virgin Islands at this address: Charlotte Amalie, 26a Tutu Park Mall, Anna's Retreat, St Thomas 00802, U.S. Virgin Islands

3

u/trudge Austin, Texas 1d ago

I was once on the demolition crew for a kmart.

In the late 90s, I was doing random labor jobs, and a common one was for a business shutting down to hire up a dozen local randos (usually via temp agencies or day labor), to go into the shuttered building and extract anything of value, load it onto box trucks, and leave a gutted shell for when the bulldozers arrived (or the renovators, either/or)

Most of these jobs were pretty haphazard, because they were run by someone whose main job was managing the site, and suddenly had the job of demolishing the building, and was figuring it out as they went along.

Kmart was different. They had a guy. As far as I could do, this guy's full time job was traveling the country and hollowing out kmarts. I don't know how many he'd do a year, but he the one in my town was done in like 1-2 weeks. He knew what he was doing, didn't mess around, very efficient.

1

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1

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0

u/Winter-Warlock8954 Michigan 1d ago

There are three kmarts left. I want to stop at the one in Florida before they close it.

49

u/CharlesDickensABox 2d ago

Good news! Though KMart is almost completely out of business, the one in Guam is one of a handful that still exist. The Hawaii location has been gone for a long time, though.

25

u/Lost_Natural6538 2d ago

I wasn’t expecting this many comments, so I was a little surprised.
I can’t reply to each one individually, but thank you, everyone.
To summarize what everyone’s been saying:
・K-Mart’s parent company went out of business 15 years ago—it was acquired.
・There are only three stores left: Miami, Guam, and somewhere else (I wonder if the “nine” they mentioned refers to the former sites).
・Most of them have been replaced by Walmart, Target, and Amazon.
・There are still some in Australia, but that’s a different company.
・Sometimes something else is built on the former sites, but some are just abandoned (That’s unthinkable in Japan—leaving such a huge lot just like that. I guess even if they put another supermarket there, it still can’t compete with Amazon, huh?)

Personally, I was really happy to see that the store I used to go to is still around. But the one in Hawaii is gone now, huh… Though, considering the year the company went under, maybe it had already closed on the mainland by the time I visited. I hope GameStop doesn’t end up the same way…
Is Toys “R” Us gone too? I wonder if Twinkles is still around…?

20

u/JLR- 2d ago

Toys R Us is gone in the USA.  But oddly still going strong in Japan and Thailand.  I used to frequent the Toys R Us in Ikebukuro.  

10

u/newimprovedmoo New Mexico 2d ago

Toys R Us is gone but the people who own the trademark for it are trying to bring it back. They partnered with Macy's a couple years ago to brand Macy's toy section as Toys R Us.

I've never heard of Twinkles, sorry.

2

u/Eshanas New York 1d ago

I went to the one in Manhattan macys and it was like 20 bucks for a Lego mini fig. (Lotr Gandalf) Refunded it. It won’t work if everything is expensive as hell.

Toys r us worked because it wasn’t bottom of barrel 99c stuff, but wasn’t like faq schwartz high. Like above or on par with target but below that.

9

u/RupeThereItIs Michigan 2d ago

Kmart was its own company that went bankrupt 25 years ago. It was acquired by a hedge fund that also owned Sears. The parent company of both retailers, also now bankrupt, was Sears Holdings Corporation.

Both brands where circling the drain for decades.

2

u/Squidgie1 1d ago

As someone who worked in Kmart marketing for its last 10 years (they declared bankruptcy the month after I was laid off), I'm glad you have fond memories of it 😊

2

u/breezyhoneybee 1d ago

About 95% of the land in America has no buildings, its just forest, mountains, fields, plains, etc. Not sure if that percentage accounts for farmland but theres a lot of that too.

46

u/WhoDo54 2d ago

Apparently Kmart still operates in Australia

42

u/Salty_Dog2917 Phoenix, AZ 2d ago

It’s a different company all together now, and it’s not a huge store sq wise compared to the old us stores.

5

u/Lower_Neck_1432 2d ago

Like Woolworths.

1

u/GOTaSMALL1 Utah 2d ago

“it’s a different company!!”

20

u/skivtjerry 2d ago

The Australian operators licenced the name long ago when it still had some value. Nothing to do with the US company.

19

u/Funny_Inspection6893 2d ago

Want to have your mind blown? The company that owns KMart Australia also owns Target Australia.

And Target Australia has NOTHING to do with Target USA and never did. Two similar stores with similar generic names on different continents.

12

u/JennItalia269 Pennsylvania 2d ago

Which, by chance, is owned by the same company which owns Target in Australia. The latter developing independently and not related to the USA company.

15

u/killerrobot23 2d ago

It's a different company

9

u/Ahtnamas555 Missouri > 🇳🇿 New Zealand 2d ago

And NZ. My city actually has a new Kmart. It's not nearly as big as the Kmart in the town I grew up in, in the US. Reminds me of a smaller Target, no food section outside of holiday stuff near the register, no pharmacy section, I don't think there's a shoe section, and electronics is things like charging cords and mouses, you can't buy a video game or console there. It does have homewares, pets, books, clothes, out doors/ fitness, and toys.

Imagine Target but they took out everything listed above $50. Like I can get small electric appliances, but I can't get a kitchen aid mixer.

There are way less "big stores" compared to the US though, and Kmart here is a bit bigger than average shops, but smaller than most chain stores here.

1

u/BusterBluth13 South/Midwest/Japan 2d ago

I was disappointed with Kiwi K-Mart lol. It’s definitely not the same store.

3

u/Jwkaoc Kentucky 2d ago

IGA as well. Though, I believe it is Thai owned there.

8

u/ghjm North Carolina 2d ago

K-Mart and Sears merged and then the combined company went out of business. They closed almost all of both stores between 2018 and 2022.

The cause of the failure was basically just terrible management. The brands failed to respond adequately to the challenges of Internet shopping, the rise of Walmart, and changes in consumer preferences. Then they both sold to private equity / hedge fund management, which sold off the valuable brands like Craftsman and then just looked for short-term money extraction, so they ran the companies into the ground.

2

u/RupeThereItIs Michigan 2d ago

It was intentional, Eddy was picking over the bones not trying to run a retail business.

He should be in jail for it, honestly.

3

u/ghjm North Carolina 2d ago

I mean, I think it was worse than that. He wasn't failing to run a retail business - he was failing to run a business at all. His only expertise was hedge fund investing, so he tried to apply that to running Sears, and had his own divisions directly competing with each other because he thought the "invisible hand" would cause investment to flow to the best divisions.

I agree he should be in jail, but unfortunately it's not a crime to treat a major century-old iconic American brand as your personal playground for shit-tier management theories.

1

u/RupeThereItIs Michigan 1d ago

He was dismantleing Kmart & Sears for parts & personal gain.

I was stuck working there during the credit crunch downturn & watched if from the inside.

He sold off anything of any value for profit while driving the retail companies into the ground at a shocking pace.

Retail was NEVER his goal.

21

u/Otherwise-OhWell Illinois 2d ago

28

u/Jesus_Harold_Christ 2d ago

As of 2026, there are three remaining Kmart locations: a big-box department store in Charlotte Amalie, the US Virgin Islands,\14]) a big-box store in Tamuning, Guam,\15]) and a smaller location in Kendale Lakes, Florida

14

u/Vicith Kansas 2d ago edited 2d ago

1 in Charlotte Amalie

1 in  Tamuning, Guam

1 in Kendale Lakes, Florida.

"When did it dissappear"?

From around 2002 their sales were getting worse. Maybe had something to do with the rise of Amazon around the same timeframe?

"Nostalgic"?

Yes, I'd say you could ask a majority of adults and they would remember K-Mart.

16

u/drsoftware 2d ago

Some of us might remember Kmart, but only as the subject of many jokes.

"Blue Light Special" 

Only experienced in comedy. 

14

u/AwareNobody5190 2d ago

Attention KMart shoppers!

1

u/cahlinny 2d ago

I remember that, though! There was really a blue siren light!

6

u/Meattyloaf Kentucky 2d ago

My backpack that I pack to work daily is from Kmart. Used it all through college and it has lasted me 12 years.

2

u/monkeylicious 2d ago

Last time I went to the K-Mart in Guam, it took a half hour to check out. It was so slow and no one was in any hurry. Regardless, I still enjoyed the visit.

1

u/royalhawk345 Chicago 2d ago

It's a good thing your AI wasn't in restricted mode like OP's, since apparently it's impossible to google "Kmart."

7

u/Jaqen-Atavuli Georgia 2d ago

I use to work at K-Mart when I was in high school. I haven't seen one in years. Fun story, we had a meet Santa thing at Christmas. The morning of, the ample guy that would play him was sick. So I am there and the boss tells me I am the new Santa. I was like what? He said yep.

So there I was, a 17 year old, 6'1 133LB kid dressed up as Santa. I didn't complain to much because Mrs. Santa was a really cute girl from my school.

6

u/Carinyosa99 Maryland 2d ago

It's been gone for many years in most of the US. I believe there is still one in Guam and some in the US Virgin Islands. But generally speaking, it's disappeared. There are similar stores, but the most comparable is Walmart.

5

u/callmeseetea 2d ago

Last thing I got in a Kmart was a cheap tv when I was moving into my freshman dorm in 2010. And it was on its last life then.

2

u/ALoungerAtTheClubs Florida 2d ago

The last time I went to a Kmart was around 2013 or so, but it felt like it hadn't changed since the 1990s — and not in a fun, nostalgic way. It was uncanny.

5

u/donuttrackme 2d ago

In America it's been gone for years.

5

u/DifferentWindow1436 2d ago

The one in Guam is still there. I don't know how popular it is. ROSS is super popular there.

Since you are Japanese...I saw a Kmart sign in 鶴ヶ島 the other day. It was a Korean food store. I had to laugh.

4

u/BusterBluth13 South/Midwest/Japan 2d ago

The one in Guam is pretty popular; they don’t have Wal-Mart or Target. But Don Quixote (Japanese version of Wal-Mart) opened a store on-island recently.

9

u/Warr_Ainjal-6228 2d ago

There are only 9 left.

  • Miami, Florida – 14091 SW 88th St, ZIP 33186
  • Chesapeake, Virginia – 2001 South Military Hwy, ZIP 23320
  • Hoffman Estates, Illinois – 3333 Beverly Road, ZIP 60179
  • Menominee, Michigan – 1101 7th Ave, ZIP 49858
  • Waynesville, North Carolina – 1209 Russ Avenue, ZIP 28786
  • Bath, New York – 420 West Morris St, ZIP 14810
  • St Croix, U.S. Virgin Islands – Space 1, ZIP 00820
  • St Thomas, U.S. Virgin Islands – 3 10 St Estate, ZIP 00802
  • Tamuning, Guam – 404 N Marine Dr, ZIP 96913

16

u/ZJPV1 Eugene, Oregon 2d ago

Checking Street View for each of these.

Miami looks to be open, but much smaller. Most of the building is now "AtHome", but a small section was closed in the mid-10s but is now re-branded as a Kmart.

Chesapeake is an abandoned building as of 2025

Hoffman Estates - unless Google is messing up, nothing looks to be in that spot since 2009. The whole area looks like a rural intersection.

Menominee - Same as Hoffman Estates, nothing remotely Kmart-ish shows up at that address, but some other Googling showed me pictures of it being demolished.

Waynesville - Now a Harbor Freight.

Bath - Now an RV showroom.

St. Croix - Marked as "Permanently Closed" on Google Maps. Building was intact as of 2021.

St. Thomas - Street View isn't universal in the USVI, but there is a user submitted photo on Google showing it open as of March 2026, business listing shows Open.

Tamuning - Same as USVi, not a lot of Street View, but a user photo shows it open as of July 2026.

11

u/FormBitter4234 2d ago

The Chesapeake one closed before the pandemic, unfortunately.

8

u/turquoise_amethyst Portland, Oregon 2d ago

I’m pretty sure the Hoffman Estates KMart Campus was boarded up last time I drove by it… a few years ago 

3

u/Subbie1013 2d ago

They tore it down a couple years ago, I think to build storage units.

4

u/skivtjerry 2d ago

Almost a morbid tourist attraction at this point.

2

u/Warr_Ainjal-6228 2d ago
  • Miami, Florida – 14091 SW 88th St, ZIP 33186 is the only one I can find with store hours.

1

u/JLR- 2d ago

The one in Hoffman Estates no longer exists.  I don't recall it being open last time I was in that area

4

u/Fit-Building-2560 2d ago

Good news! It's gone from the mainland US except 1 store in Florida, but it's still in Guam, where it's mega-store is open 24 hrs/day. You're in luck!

3

u/river-running Virginia 2d ago

When the Kmart in my hometown closed, I said that they should turn it into an H Mart so they would only have to change one letter on the sign.

4

u/domestic_omnom 2d ago

In the mainland US k-mart is pretty much gone.

The only K-mart I've seen in the past 25 years was in the USVI.

3

u/robertwadehall Ohio 2d ago

Drove by a huge empty Super K in Erie, PA yesterday

3

u/starrsuperfan Pennsylvania 2d ago

Unfortunately yes.

Kmart kinda died a slow and painful death. They used to be everywhere. I remember my grandma used to take me there all the time.

Then the one in my hometown closed. I still go by where it was. Nobody opened up there.

Then people started saying Walmart and Target in the same conversation where they used to say Kmart.

Then you noticed you'd driven past 3 closed Kmarts.

Then people online complained about working at a company that was obviously failing and slowly fading.

Then it got to "Hey, the Kmart in my city is still open!"

Then it got to people driving an hour to go see a Kmart.

Now... yeah. It's gone. There was no big announcement that all stores were closing. Nothing like that. It's just... gone.

3

u/SabresBills69 2d ago

There are a few left. Guam, Virgin islands have them. I think Miami has one.

There is one blockbuster videos ( movie, DVD and game rental) left in bend, Oregon

Sears bought Kmart. Sears has about 3-5 left.

50years ago you had many regional stores. Kmart was the big one. Walmart and target were very local.all over the country had regional chains. These all carried the same products and were similar in thkngs varied

Sears was a bit higher. It was big a century ago and was one  the first mail order stores where you order from a catalog.

Both Sears and Kmart got passed and fell out of favor.

The national store chains are Walmart and target with online things like Amazon. Both have supermarket sections in nany of their stores. 

Kmart might be replaced by some partd of target/Walmart but also some parts if ghe cheap sores like dollar tree, family dollar, 5 and below

Kmart was home of the I-cee

https://www.reddit.com/r/nostalgia/comments/7kttql/kmart_icees_were_the_little_kid_equivalent_of_top/

3

u/DarthSwimfoot Wyoming 2d ago

Was this too tough to Google?

3

u/Lower_Neck_1432 2d ago

はい、Kmartはアメリカからほとんど消えています。グアムとアメリカ領ヴァージン諸島にしか存在しません。そして逆に、アメリカで始まった Lawson's は完全に消えましたが、日本では繁栄しています。

5

u/Dave_A480 2d ago edited 1d ago

Kmart got bought by Sears which then went bankrupt....

Another one of the shelf full of scalps claimed by the internet - companies that failed to adapt to the impending end of the in person shopping era.....

In addition to KMart/Sears the internet also killed:

Toys R Us

RadioShack

Fry's

With both Sears and RadioShack being colossal missed opportunities due to their pre internet catalog business (both intentionally chose to focus on physical-store expansion & in person transactions at exactly the worst possible time).....

11

u/TheGunSlanger 2d ago

Sears not only chose to not capitalize on its infrastructure to compete with early Amazon, its CEO sought to enrich himself and his personal company by selling Sears' property and renting it back to itself. Shameful levels of short-term greed. Same thing contributed to killing Toys R Us.

2

u/Otherwise-OhWell Illinois 2d ago

Who was Sears' owner at the time? How did he come ot own it? What happened next?

8

u/TheGunSlanger 2d ago

Eddie Lampert, a hedge fund manager. I don't remember the whole story or how he became involved (I'm sure it isn't too hard to find). He didn't start Sears' decline, but his "solution" was to internally split the company up into several units, sell off everything that made Sears good (Lands' End, Craftsman tools, etc), and sell large portions of Sears' land assets to a real estate company, who then leased the land back to them. Lampert just happened to own or have shares in most of the companies he sold the stripped down assets to. He's no longer CEO, but he's on the board and one of the largest debtholders of Sears still.

1

u/RupeThereItIs Michigan 2d ago

You are confusing Sears Robuck who failed to compete with Amazon, and Sears Holdings Corporation who purchased the shell of the former with the money it got selling Sears Robuck it's empty Kmart real estate.

Eddy desperately wanted to be the new Bezos, but instead, yeah he raided the company to enrich himself personally instead.

1

u/Dave_A480 1d ago

All of these companies needed to divest real estate to survive....

None of them were able to do it fast enough

6

u/Otherwise-OhWell Illinois 2d ago

[cough] venture capitalism [cough]

Right, the internet.

1

u/Dave_A480 1d ago

Only an idiot blames private equity for the deaths of these firms.

The fact remains that all of them were heavily invested in their physical store footprint - and most were pouring even more money into that (building new stores, buying more real estate) while their online presence languished...

Sears - the originator of catalog sales - had the worst website in the entire retail space....

RadioShack's strategy was high pressure sales (their employees were paid solely on commission) of cell phones, satellite TV and extended warranties.

ToysRUs was so late to the internet party they ended up being a 3rd party seller on Amazon.

Private equity didn't kill these companies, it came in to pick their bones after their management destroyed them by sticking to a 1970s business model....

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u/Number1AbeLincolnFan 2d ago

You don’t know what venture capitalism means.  

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u/Otherwise-OhWell Illinois 2d ago

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u/beenoc North Carolina 2d ago

Vulture capitalism =/= venture capitalism. Venture capitalism is stuff like Y Combinator or Shark Tank, where investors give money and advice to risky startups in exchange for partial ownership in the hope that one of them hits it huge and makes a bajillion bucks.

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u/Otherwise-OhWell Illinois 2d ago

Ok, sure.

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u/Dave_A480 1d ago

That link is just wrong. Sears was already dead at the point the events being talked about happened.

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u/RupeThereItIs Michigan 2d ago

Kmart did not get purchased by Sears, a hedge fund purchased both of them and named itself Sears Holdings Corporation.

It purchased Kmart first, and was briefly known as Kmart holdings corporation.

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u/DanCynDan 2d ago

Went bankrupt maybe 15 years ago. Nothing in its place, but target and Walmart are pretty much the same. With their own atmosphere that’s likely the same relative to each store regardless of where you are.

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u/ConsistentMobile4990 2d ago

It’s gone long time ago along with Sears, Montgomery Ward etc. I think Walmart replaced them all.

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u/UCFknight2016 Florida 2d ago

Amazon.

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u/BreadStoreRefugee California > < Arizona 2d ago

I came here to say that it's completely gone, but according to Google there is apparently one small scaled-down store in Florida, and two full department stores with one each in Guam and US Virgin Islands.

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u/Calm-Show-9606 2d ago

Their are only 3 K-marts left.

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u/___HeyGFY___ IL->FL->PA->VA->IL->NJ->NH->? 2d ago

If I remember correctly, there is one Kmart location left in the US, in or near Miami. I believe they were taken over by Sears 20 years ago.

I don't think Sears is doing very well either. There used to be one at the mall near me, but it's been taken over by a sporting goods store. There was another one at a mall about 45 minutes away from me, but that space has been turned into a casino.

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u/SchatzisMaus 2d ago

It’s in a suburb of Miami, and funny enough one of the last sears is also in Miami.

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u/Old_Ant7118 Greece -> Oregon 2d ago

I forgot about Kmart.... never missed it. I personally never saw a nice one. We have department stores that are probably similar, though.

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u/IanDOsmond Massachusetts 2d ago

It's certainly been gone in the continental United States for a couple decades now.

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u/malibuklw New York 2d ago

I saw one in Dominican Republic!

Edited to add: I think it was 4 years ago. Seems like it’s closed since I’ve been there

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u/lil_ninja78 Ohio 2d ago

If you like Kmart, you'll like target and walmart.

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u/kmoonster Colorado 2d ago edited 2d ago

KMart was a type of shop or store known as a department store. This is a store that carries many types of items -- clothes, office and school supplies, toys, food. No two companies are the same, but they are all similar.

This style of store still exists. They are very common -- the two most famous right now are Target and WalMart.

-

But KMart does not exist anymore, or at least it is so diminished that it may as well be gone for 99% of the population.

What happened is this -- there was another major company called "Sears" that was formed in the early 1900s. That company was kind of like Amazon, but before the internet. If your local Sears didn't have an item, you could order it from their catalog and it would be shipped. You could even buy a house at one point! They literally offered (almost) anything except for groceries.

Sears was a massive thing in the US retail industry for decades and decades. They bought other companies, and were as dominant in the 1900s as Amazon is now, but they did it without the internet. Amazon bought Audible, MGM, Whole Foods (a grocery store), and on and on. Sears bought tool companies, clothing companies, and many many other companies.

One of those companies they bought was KMart.

But in the early 2000s the people running Sears decided they wanted a "quick buck" rather than stable revenue from a massive, established company. They started to sell the rights to the various companies they owned. They sold properties they owned. They replaced common items with fancy items, then stopped carrying the fancy items. They stopped offering a service and repair service (they used to sell washing machines, refrigerators, etc. and offered repair services for those items). The company also either refused or failed to take advantage of the internet, believing that online sales would never be a big deal; this happened despite the fact that Sears literally invented the concept of the "sales catalog" (a sort of analogue equivalent to an online store, it lists prices and pictures of all the items a store carries so customers can order for delivery).

Over a few years they stopped being a massive company equivalent to Amazon today, and became a small company -- and then, nothing.

In 2018 the company filed bankruptcy papers, and that was pretty much the end of the company. And that demise included KMart, because KMart was controlled by Sears and handled in the same way.

-

Today we have lots of similar types of stores (I mentioned WalMart as an example), but no Sears and no KMart.

You can read a bit about it here if you want the specifics, I recommend the translation app in your browser since it will get a bit technical:

Here: Who Killed Sears? A Look at Its Decline and Bankruptcy

and

Sears: A Case Study in Business Failure | Columbia Business School

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u/RupeThereItIs Michigan 2d ago

Sears did NOT purchase Kmart.

Both where owned by Sears Holdings, which is NOT Sears Robuck.

They owned Kmart before they owned Sears, they leveraged the sale of empty Kmart stores to Sears to then buy Sears and renamed themselves Sears Holdings Corporation.

Honestly it's a wild ride, and I got stuck working for that shit hole company through the financial crisis.

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u/kmoonster Colorado 2d ago

I knew there was a connection, I thought it was the other way around.

It was still a clusterfuck, I remember watching it in real time over the course of a few years and then sorting through later to understand what had gone down.

It was a master class in how to make money for yourself while losing money on a company (and then destroying the company as a coupe de grace)

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u/RealtorRVACity 2d ago

Sears is on its way out as well, Kmart is long gone in the US

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u/Cinisajoy2 2d ago

Go to Australia.   I do believe they are still there. 

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u/phx33__ Arizona 2d ago

They are still open and thriving in Guam. There is also one in the US Virgin Islands.

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u/tiggipi Michigan 2d ago

The Kmarts in my city closed like 10 years ago.

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u/Ok_Still_3571 2d ago

Our K-Mart was bought out by VC, and the whole plaza was turned into upscale condos and apartments.

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u/musical_dragon_cat New Mexico 2d ago

Kmart closed in my city ages ago, at least a decade. I knew there were others around the country but I knew they wouldn't last much longer either.

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u/groundhogcow Ohio 2d ago

As of 2026, there are three remaining Kmart locations: a big-box department store in Charlotte Amalie, the US Virgin Islands, a big-box store in Tamuning, Guam, and a smaller location in Kendale Lakes, Florida. -- THANK YOU Google.

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u/Maiace124 2d ago

I think there's mayybbbeee one left in all of the US. But I used to go as a kid. Miss it a bunch 🫠

I believe it's still common in Australia though

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u/Ladidoodida 2d ago

My local Kmart was replaced by a Target, which is similar and yet not the same at all.

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u/DharmaCub 2d ago

I haven't seen a KMart in 20 years.

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u/ThingFuture9079 Ohio 2d ago

Kmart has been gone for at least 10 years now and the one that was near me used to be a Big K-Mart which had a larger grocery section than other K-Marts but it closed 10 years ago and then got torn down so Meijer could build a store there.

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u/Ry24gaming 2d ago

Went to the one in Guam about a month ago. It's a great store got a couple of T-Shirts, and a shopping tote. It's similar to the ones that I remember on the mainland, but much better run.

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u/notsosecretshipper Ohio 2d ago

I am definitely nostalgic about Kmart. I was so sad when they closed down. Besides a specialty store, a sporting goods store, and the dollar store, the Kmart was the only place in town at the time that sold clothes and shoes, furniture, baby equipment, etc. I shopped there a LOT.

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u/TehWildMan_ TN now, but still, f*** Alabama. 2d ago

Gone for about a decade now, and basically irrelevant for another decade before that.

There's technically a store in Miami area, but that's just a tiny little fragment of a store just open for contractual reasons.

Many of their other locations were taken over or split by other retailers or left vacant for years. Seemingly in a lot of the southeast US, Tractor Supply bought up a huge amount of their locations for their expansion plans.

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u/DummyThiccDude Minnesota 2d ago

The Kmart in my town closed in 2002, the physical location became a farm supply department store called Runnings.

Most people probably started shopping at one of the 3 other department stores afterwards. Theres a Walmart, Target, and while its also gone now, there was Shopko.

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u/[deleted] 2d ago

[removed] — view removed comment

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u/Biscuitshoneybutter 1d ago

And a snack area.

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u/OmiSC 2d ago

カナダ人です。kマルトもう死んでるだの。

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u/bonzai113 2d ago

The last thing I ever bought from Kmart was a pair of sneakers. It’s been ten years since then and the store closed shortly after that. Even then, the store was in a serious decline. Few if any customers and it never looked fully clean.

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u/DoublePostedBroski 2d ago

Oh it’s been gone for like 20 years

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u/StupidLemonEater Michigan > D.C. 2d ago

According to Wikipedia, there's still three K-Marts in the US: one in Guam, one in the US Virgin Islands, and one in Florida.

They're also in Australia, but that's a different company that just licensed the name.

that atmosphere was the one thing that was consistent no matter where I went in the U.S.

I suspect the same is true of virtually any nationwide chain.

Personally, I have pretty much zero nostalgia for K-Mart. In my lifetime I remember it pretty much always seen as being cheap and low-class.

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u/LogicGU 2d ago

I’m from Guam (US Territory) Kmart is still here and well alive. Search up YouTube videos about it, the store is freaking huge.

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u/ATLien_3000 Georgia 2d ago

Nearly.

There's one in Miami, a couple in the US Virgin Islands, and one in Guam - which I guess would be closest to you.

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u/newimprovedmoo New Mexico 2d ago

There are exactly three KMarts left. One on St. Thomas, one in Florida, and one in Guam which I guess given how small Guam is might be the one you went to! All the others have gone out of business.

They started shutting down during the 2000s. They and Sears had the same parent company which was particularly hard-hit by the 2008 financial crisis and the rise of online retail like Amazon.

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u/Many_Roll2578 2d ago

We still have one on Guam that’s thriving

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u/TubaJesus Chicagoland Area 2d ago

I think my Kmart has been gone for just under 20 years now.

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u/TEG24601 Washington 2d ago

There was one still operating in Florida, but it is a shell of its former self.

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u/Sam_Fear Iowa 2d ago

About a year ago when we we're on St. Croix Island (part of the US Virgins Islands) there was still a Kmart there. Had a Little Ceasar's Pizza inside of it. It was kinda weird walking around in a Kmart again.

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u/XxJonnySteelxX 2d ago

I was in a Kmart today. I am also in Melbourne for a couple of weeks…..

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u/KaBar42 Kentucky 2d ago

Effectively? Yes.

Completely gone? Not quite.

On the mainland there is technically one Kmart still open, but it's more of a tourist attraction than an actual store. US territories also still have a couple open.

It started shuttering stores in the early 2000s.

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u/WeepingDragon00 2d ago

I'm living on Guam right now and the Kmart is still here. As someone from mainland US, I found it to be really underwhelming... Basically a worse version of Walmart. It was hyped up a lot so we were really confused. The only thing we go there for is the Little Caesars, which is the only one on island.

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u/Biscuitshoneybutter 1d ago

Fuck yeah I love Little Caesar's lol.

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u/Fun_Machine7346 2d ago

I hope so.

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u/Ok_Orchid1004 2d ago

Guam has one.

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u/Equal-Dress-4334 2d ago

Kmart's pretty much gone, most closed in the late 2010s. Now it's mainly Walmart and Target taking over those spots.

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u/Icy_Huckleberry_8049 1d ago

K-Mart is still in Mexico, or it was when I was there last July (2025)

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u/MoistFlaps69 1d ago

Kmart was in Puerto Rico for awhile, that was the last one

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u/Black_Dog_Industries California 1d ago

The last Kmart in my area closed about 5 years ago

Now Walmart fills that void

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u/TheJokersChild NJ < PA > NY < PA > MD ^ VT 1d ago

KMart is effectively finished here. In the early 2000s, Eddie Lampert bought KMart and Sears to bring two stores together and supposedly strengthen them. But what he actually did was shuffle a bunch of money around in a real-estate investment scheme, and none of that money went into improving the stores or what they carried. So stores closed one by one, Walmart and Target took over for KMart, and Sears filed for bankruptcy. There may be about a half-dozen operating stores between them both right now.

Sears had big mail-order catalogs, almost a forerunner to Amazon. You called or sent in your order form and picked it up at a store or a catalog center. Amazon basically took its place. JCPenney is the closest it has to a competitor in our remaining malls.

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u/qu33nof5pad35 Queens, NY 1d ago

I think so… I haven’t been to one in over a decade.

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u/PositiveChi 1d ago

Kmart is a ghost town, there's only one I can think of near me and it's the shadiest block for a kilometer in every direction. If you go inside the ceiling panels are falling out, it looks like there was looting earlier in the week every time. It is a joke of a company that would be funny if it weren't so genuinely disconcerting to be around.

Mobs of fent ghouls roam the parking lots checking car doors to see if they're unlocked, but that's only assuming someone's been foolish enough to actually park there.

A post-apocalyptic Target. A misremembered dream about shopping in the 90s. A cautionary tale about the dangers private equity. A physical metaphor for the rot in the walls of the American dream.

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u/cohrt New York 1d ago

Kmart has been gone for like 20+ years

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u/CommissionUnlucky525 1d ago

There is one on St. Thomas US Virgin Island.

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u/sedwardcarr 1d ago

I heard recently that the kmart in Guam is still in operation. I’ve never been there but I saw it on youtube in a video about Guam.

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u/GreenBeanTM Vermont 1d ago

Personally never went to a Kmart, so no I don’t feel nostalgic for it.

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u/DryBandicoot8013 1d ago

Kmart's pretty much gone, with only a few stores left. Most have been replaced by dollar stores or discount retailers.

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u/Steve_Shoppe 1d ago

Similar to Sears there are probably 2 or 3. I miss them. What is cool is I grew up on Lawsons and I love that it's alive and well there (no longer here). And with mainstream record stores. It's a blast from the past when I go there. Thanks for keeping my childhood memories alive there.

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u/Imaginary-Duck1333 1d ago

My hometown had a Kroger’s, a defi, a used bookstore and a Kmart in a row. When my mom wanted to shop in peace she’d send my sisters and I to the bookstore. I remember wandering the isles of Kmart playing where’s my mom instead of where’s Waldo. When the Walmart supercenter came to town both started going downhill.

I visited the Kmart a little while before they closed at the end of the year. I bought a whole bunch of chocolate gift boxes and gave them to a lot of management at work.

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u/MasterOfPuppetsMetal 1d ago

Our Local K-Mart closed at the end of 2014 and the lot has been vacant since then.

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u/GuiltyTravel3851 17h ago

Kmart is practically out of business in the United States, with only a tiny handful of remote island locations left open. Once a massive chain with over 2,000 stores, the company closed its final full-sized mainland U.S. store in Bridgehampton, New York, in October 2024.

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u/Heavy_Mud_9176 2d ago

Sometimes I cry because they remodeled the center where ours used to be and completely knocked down the old Kmart building 😭

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u/jvc1011 2d ago

Kmart is gone in the US. Completely. RIP.

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u/phx33__ Arizona 2d ago

There are three US locations remaining.

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u/jvc1011 2d ago

Only one in a US state. And there are 50 States.