Kmart Becomes One Step Closer to Obsolete

When the Kmart in Avenel, New Jersey, closes its doors on Saturday, it will leave only three remaining US 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 2000 stores in the US and Canada and sold product lines endorsed by Martha Stewart and former ‘Charlie’s Angel’ Jaclyn Smith.

Kmart’s demise is attributed to the rise of Walmart and Target and online behemoth Amazon.

Hudson’s Bay purchased Kmart’s 112 Canadian stores in 1998.

Source: Canadian Press