Current:Home > StocksKmart’s blue light fades to black with the shuttering of its last full-scale US store -FundTrack
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-18 10:52:50
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! (2846)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Brian Flannery
- Priyanka Chopra Shares How Nick Jonas “Sealed the Deal” by Writing a Song for Her
- California Fires: Record Hot Summer, Wet Winter Created Explosive Mix
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Today’s Climate: May 1-2, 2010
- Ice Loss and the Polar Vortex: How a Warming Arctic Fuels Cold Snaps
- How realistic are the post-Roe abortion workarounds that are filling social media?
- Senate begins final push to expand Social Security benefits for millions of people
- Kendall Jenner Only Used Drugstore Makeup for Her Glamorous Met Gala 2023 Look
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- From a March to a Movement: Climate Events Stretch From Sea to Rising Sea
- Freddie Mercury memorabilia on display ahead of auction – including scribbled song lyrics expected to fetch more than $1 million
- 24-Hour Deal: Save 50% On the Drybar Interchangeable Curling Iron With 15.2K+ Sephora Loves
- Military service academies see drop in reported sexual assaults after alarming surge
- This Self-Tan Applicator Makes It Easy To Get Hard To Reach Spots and It’s on Sale for $6
- Some bars are playing a major role in fighting monkeypox in the LGBTQ community
- The U.S. diet is deadly. Here are 7 ideas to get Americans eating healthier
Recommendation
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Carbon Pricing Can Help Save Forests––and the Climate––Analysis Says
TSA expands controversial facial recognition program
Whatever happened to the caring Ukrainian neurologist who didn't let war stop her
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
GOP presidential candidate Nikki Haley outlines her position on abortion: Let's humanize the issue
It's definitely not a good year to be a motorcycle taxi driver in Nigeria
24-Hour Flash Deal: Save $100 on a Dyson Airwrap Bundle