Once a retail giant, Kmart down to 3 stores after NJ closing

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. AVENEL, N.J.

The demise of the the store in the middle-class suburb, 15 miles south of New York City, is the tale of the death of the discount department store writ small. For a time, Kmart had a little bit of everything: You could shop for your kids’ back-to-school supplies, get your car tuned up and grab a meal without leaving the premises.

A few years later, hedge fund executive Edward Lampert combined Sears and Kmart and pledged to return them to their former greatness, but the recession and the rising dominance of Amazon contributed in 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.

“Retailers fall by the wayside sometimes because they’re selling things people don’t want to buy,” he continued. “In the case of Kmart, everything they used to sell, people are buying but they’re buying it from Walmart and Target.”

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