The Latest Kmart Closing: Its Landmark 34th Street Location In Manhattan

It was once a big deal—a very big deal. But soon it will be just a memory. Kmart’s store on West 34th Street in Midtown Manhattan, catty-corner to Macy’s and considered one of the anchors of both the Herald Square shopping district and Kmart itself, is going out of business. Last week the landmark store at One Penn Plaza just west of Seventh Avenue put up its “Store Closing Sale” signs, only the latest Kmart store to succumb to what retail observers have only partially sarcastically referred to as “the longest going-out-of-business sale in American retailing history.” Read more at Forbes.