Current:Home > MarketsKmart’s blue light fades to black with the shuttering of its last full-scale US store -DataFinance
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-19 04:25:26
NEW YORK (AP) — Attention, Kmart shoppers, the end is near!
The erstwhile retail giant renowned for its Blue Light Specials — featuring a flashing blue orb affixed to a pole enticing shoppers to a flash sale — is shuttering its last full-scale store in mainland United States.
The store, located in swank Bridgehampton, New York, on Long Island, is slated to close Oct. 20, according to Denise Rivera, an employee who answered the phone at the store late Monday. The manager wasn’t available, she said.
That will leave only a small Kmart store in Miami. It has a handful of stores in Guam and the U.S. Virgin Islands.
Transformco, the company that bought the assets of Sears and Kmart out of the bankruptcy of Sears Holdings in 2019, did not immediately respond to an email requesting comment.
In its heyday, there were more than 2,000 Kmarts in the U.S.
Struggling to compete with Walmart’s low prices and Target’s trendier offerings, Kmart filed for Chapter 11 bankruptcy protection in early 2002 — becoming the largest U.S. retailer to take that step — and announced it would close more than 250 stores.
A few years later, hedge fund executive Edward Lampert combined Sears and Kmart and pledged to return them to their former greatness. But the 2008 recession and the rising dominance of Amazon contributed in derailing that mission. Sears filed for Chapter 11 in 2018 and now has just a handful of stores left in the U.S., where it once had thousands.
veryGood! (85572)
Related
- Don't let hackers fool you with a 'scam
- Nicky Hilton Shares Her Christmas Plans With Paris, the Secret To Perfect Skin & More Holiday Gift Picks
- Taylor Swift gifts 7-year-old '22' hat after promising to meet her when she was a baby
- Tech consultant testifies that ‘bad joke’ led to deadly clash with Cash App founder Bob Lee
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Human head washes ashore on Florida beach, police investigating: reports
- DWTS’ Ilona Maher and Alan Bersten Have the Best Reaction to Fans Hoping for a Romance
- Bill on school bathroom use by transgender students clears Ohio Legislature, heads to governor
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Hurricane forecasters on alert: November storm could head for Florida
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Love Actually Secrets That Will Be Perfect to You
- ‘COP Fatigue’: Experts Warn That Size and Spectacle of Global Climate Summit Is Hindering Progress
- OneTaste Founder Nicole Daedone Speaks Out on Sex Cult Allegations Against Orgasmic Meditation Company
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Record-setting dry conditions threaten more US wildfires, drinking water supplies
- Mississippi woman pleads guilty to stealing Social Security funds
- Mississippi woman pleads guilty to stealing Social Security funds
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
'Cowboy Carter' collaborators to be first country artists to perform at Rolling Loud
A $1 billion proposal is the latest plan to refurbish and save the iconic Houston Astrodome
McDonald's Version: New Bestie Bundle meals celebrate Swiftie friendship bracelets
Bodycam footage shows high
Oklahoma school district adding anti-harassment policies after nonbinary teen’s death
Bull doge! Dogecoin soars as Trump announces a government efficiency group nicknamed DOGE
Ryan Reynolds Makes Dream Come True for 9-Year-Old Fan Battling Cancer