Kmart closes last full-sized store in the US while Australian counterpart thrives

Kmart has closed its last full-sized store in the U.S., ending a long decline. The chain struggled against competitors like Walmart and online retailers. Only one Kmart remains in the mainland U.S., located inside a Miami store. In contrast, Kmart Australia is thriving, operating over 300 stores and employing about 40,000 people. The brand has reinvented itself with a successful home brand, Anko, which accounts for 85% of its sales. Revenue increased nearly 5% last year. Kmart Australia has adapted to market challenges by enhancing in-store experiences and leveraging social media. It has also introduced micro-stores in regional areas, providing access to popular products and online orders. However, it faces competition from Amazon and fast-fashion retailers.