Current:Home > ScamsKmart’s blue light fades to black with the shuttering of its last full-scale US store -AssetFocus
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-14 18:41:41
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! (7)
Related
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- US agency takes first step toward requiring new vehicles to prevent drunk or impaired driving
- Big Bang Theory's Kate Micucci Shares Lung Cancer Diagnosis
- Kenya marks 60 years of independence, and the president defends painful economic measures
- Sonya Massey's father decries possible release of former deputy charged with her death
- Live updates | Israel plans to keep fighting as other countries call for a cease-fire in Gaza
- Canadian police charge man accused of selling deadly substance with 14 new murder charges
- Special counsel asks Supreme Court to decide whether Trump is immune from federal prosecution
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Australians prepare for their first cyclone of the season
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- How much for the two turtle doves, please? Unpacking the real cost of 12 Days of Christmas
- Sydney Sweeney and Glen Powell Reveal What It Was Really Like Filming Steamy Shower Scene
- Can you guess the Dictionary.com 2023 word of the year? Hint: AI might get it wrong
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- The Excerpt podcast: Prosecutors ask Supreme Court to decide if Trump may claim immunity
- State Department circumvents Congress, approves $106 million sale of tank ammo to Israel
- CPR can be lifesaving for some, futile for others. Here's what makes the difference
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Special counsel asks Supreme Court to decide whether Trump is immune from federal prosecution
Ranked choice voting bill moves to hearing in front of Wisconsin Senate elections committee
Inaugural Jazz Music Awards will be broadcast on PBS and PBS Passport with host Dee Dee Bridgewater
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Singer Zahara, South Africa’s Afro-soul sensation and beloved ‘Country Girl,’ dies aged 36
SantaCons have flocks of Santas flooding city streets nationwide: See the Christmas chaos
U.N. says Israel-Hamas war causing unmatched suffering in Gaza, pleads for new cease-fire, more aid