Kmart's final full-scale store in the mainland U.S. is closing, marking the end of an era for a once-popular retail giant that struggled against competition.
Once boasting over 2,000 locations, Kmart filed for Chapter 11 in 2002, largely succumbing to the competitive pressures from retail giants like Walmart and Target.
Transformco's acquisition of Kmart aimed to revive its fortunes, but economic downturns and the growth of online shopping proved challenging, leading to this final closure.
Kmart's trajectory reflects the struggles traditional retailers face against evolving market dynamics, as seen in its bankruptcy filings and significant store closures over the years.
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