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Kmart to close its last remaining store in the contiguous U.S. Here’s where it is.

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Kmart is closing its last big-box store in the contiguous U.S., employees with the company told CBS MoneyWatch, capping the retreat of what was once America’s dominant discount retailer. 

Kmart will shutter its location at Bridgehampton Commons mall in Bridgehampton, New York, on October 20, two workers at the store said. The location is the retailer’s only remaining full-size store in the U.S. Kimco Realty, the real estate investment trust that owns Bridgehampton Commons, confirmed that Kmart is leaving the shopping center. 

A representative for Transformco, Kmart’s owner, did not immediately respond to a request for comment.

The department store chain will continue to operate a reduced-size location in Miami, Florida. The retailer also operates in Guam and the U.S. Virgin Islands. 

Kmart opened its first store in Garden City, Michigan, in 1962. And two decades ago, the company still operated 1,400 stores across the U.S., although its sales were sagging amid rising competition from industry players such as Costco and Walmart, along with the advent of e-commerce. 

An $11 billion merger in 2005 with another fading retail brand, Sears, led by hedge fund manager Eddie Lampert failed to stanch the bleeding. 

A range of retailers, including Bed, Bath & Beyond, Rite Aid, CVS Health and Foot Locker, shut a total of 4,600 stores in 2023, up 80% from the previous year. 



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CBS News rides along with Texas sergeant at U.S.-Mexico border

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CBS News rides along with Texas sergeant at U.S.-Mexico border – CBS News


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President-elect Donald Trump says he will remove millions of immigrants living unlawfully in the U.S. through his mass deportation plan once he takes office in January. CBS News immigration and politics reporter Camilo Montoya-Galvez rode along Wednesday in El Paso with a sergeant for the Texas Department of Public Safety to discuss border policy.

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Canada’s Trudeau faces calls to resign amid Trump tariff threat

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Canada’s Trudeau faces calls to resign amid Trump tariff threat – CBS News


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President-elect Donald Trump’s proposed tariffs on Canada haven’t even gone into effect and they’ve already plunged Prime Minister Justin Trudeau’s government into turmoil. On Monday, Trudeau’s finance minister and deputy prime minister resigned, sharing a sharply critical assessment of her old boss in a public letter. Mercedes Stephenson, Ottawa bureau chief for Canada’s Global News, joins “America Decides” to discuss Trudeau’s future.

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Supreme Court to decide on TikTok’s future in the U.S.

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Supreme Court to decide on TikTok’s future in the U.S. – CBS News


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The Supreme Court plans to hear arguments in January on a challenge to a new law that could lead to the popular social media app TikTok being banned in the U.S. The Biden administration and lawmakers say the Chinese government’s ability to collect data from TikTok poses a significant national security risk, while the app and its Chinese parent company ByteDance argue that the law is unconstitutional. CBS News Supreme Court producer Catherine Cole has more.

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