STAFFORD -The Manahawkin Kmart store is closing effective early September. This Kmart store, once located on East Bay Avenue in downtown Manahawkin was one of the highest performing Kmart stores in the nation in the 1970's and early 1980's. The store was previously located on the current site of the Value City Furniture store.
Many who lived in the area in those days remember that Kmart was "the place" to shop. That has surely changed. The Manahawkin Kmart was once the only big store in town but the competition over the years had a large part to do with the under performance of the store. The corporate's nationwide performance did not help, nor has the surge in online shopping in recent years.
Business Insider reported that at its peak in 2000, Kmart raked in $37 billion in sales and had 2,156 stores. Since then, Kmart's sales have dropped 72% to $10 billion in 2016.
Kmart is owned by Sears Holdings Inc. and the company is closing many more stores around the nation.
There will be some bargains in the weeks ahead as the Manahawkin store begins liquidation on Wednesday, June 13.