The closure of Kmart in Bridgehampton marks the end of an era for the iconic retailer, once a national favorite with over 2,000 locations.
In Australia, Kmart has reinvented itself, seeing significant growth with over 300 stores, employing 40,000 people, and operating under its successful home brand, Anko.
Kmart's Anko brand accounts for 85% of its sales in Australia, successfully offering lower-priced alternatives to more expensive items, driving consumer interest.
Despite market challenges, Kmart Australia reported a revenue increase to $11.1 billion last financial year, a testament to its effective brand and product strategies.
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