Current:Home > InvestKmart’s blue light fades to black with the shuttering of its last full-scale US store -Streamline Finance
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-17 10:10:24
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! (26162)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Met Gala 2024: We Couldn't Help But Wonder How Sarah Jessica Parker Stole the Show This Year
- Jeannie Epper, epic stuntwoman behind feats of TV’s ‘Wonder Woman,’ dies at 83
- Pro-Palestinian protesters retake MIT encampment, occupy building at Rhode Island School of Design
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- How Colman Domingo's 2024 Met Gala Look Honors Late Actor Chadwick Boseman
- Penske suspends Cindric and 3 others in the wake of a cheating scandal ahead of the Indianapolis 500
- Pamela Anderson stepped out in makeup at the Met Gala. Here's why it's a big deal.
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Why Ed’s Sheeran 2024 Met Gala Look Is Reminding Fans of Zac Efron
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Minnesota fire department mourns death of firefighter after weekend shooting: 'It's a rough day'
- 2024 Pulitzer Prizes announced: See full list of winners, nominees
- New York’s abortion rights amendment knocked off November ballot, dealing a blow to Democrats
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- The Best Places to Buy the Cutest Mommy & Me Clothes, Plus Matching Outfits for the Whole Family
- Mindy Kaling's 2024 Met Gala Appearance May Be Her Most Fabulous Yet
- Pamela Anderson Ends Makeup-Free Streak With Eye-Catching 2024 Met Gala Debut
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Cardi B Closes the 2024 Met Gala Red Carpet With a Jaw-Dropping Look
Pope Francis appoints new bishop in Tennessee after former bishop’s resignation under pressure
We're Confident You'll Love This Update on Demi Lovato's New Music
Highlights from Trump’s interview with Time magazine
US seeks information from Tesla on how it developed and verified whether Autopilot recall worked
Your Jaw Will Drop Seeing Tyla Get Cut Out of Her Dress at 2024 Met Gala
MLB power rankings: Los Angeles Dodgers finally bully their way to the top