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Interior of a Kmart Store that is Going Out of Business and Closing Editorial Stock Photo When Kmart opened in the '60s, it was known for its Blue Light. Kmart, once one of America's leading discount retailers, is closing its last full-size store in the mainland United States. and a handful of stores elsewhere, according to multiple reports, in a retail world now dominated by Walmart, Target and Amazon.
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Kmart hires stock photography and images Alamy . Why Is Sears going out of business? Why it matters: Sears and Kmart have closed thousands of stores and cut around 250,000 jobs over the last 17 years The company was a giant in the retail industry, operating for over five decades.