Current:Home > MarketsKmart’s blue light fades to black with the shuttering of its last full-scale US store -WealthMindset Learning
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-18 10:47:07
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! (651)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Horoscopes Today, June 22, 2024
- In one affluent Atlanta suburb, Biden and Trump work to win over wary Georgia voters
- Trump campaign bets big on Minnesota, Virginia with new field offices
- Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
- FBI seeks suspects in 2 New Mexico wildfires that killed 2 people, damaged hundreds of buildings
- Six protesters run onto 18th green and spray powder, delaying finish of Travelers Championship
- Sha'Carri Richardson on track for Paris Olympics with top 100 time in trials' opening round
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- Watch as hero North Carolina dad saves toddler daughter from drowning in family pool
Ranking
- Meta releases AI model to enhance Metaverse experience
- Noah Lyles wins opening round of men's 100m at US Olympic track and field trials
- In West Virginia, the Senate Race Outcome May Shift Limits of US Climate Ambitions
- 75-year-old John Force alert after fiery crash at Virginia Motorsports Park
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Man trying to drown 2 children on Connecticut beach is stopped by officers, police say
- Roger Federer Shares a Rare Look Into His Private Life Off The Court
- Watch: Gracie Abrams joins Taylor Swift at Eras Tour to play their new song
Recommendation
The White House is cracking down on overdraft fees
Mining the Sun: Some in the Wyoming Epicenter of the Coal Industry Hope to Sustain Its Economy With Renewables
Gunmen kill 15 police officers and several civilians in Russia’s southern Dagestan region
Prosecutors in classified files case to urge judge to bar Trump from inflammatory comments about FBI
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Meet the millionaires next door. These Americans made millions out of nothing.
Archaeologists find 2,000-year-old wine in Spanish tomb: Oldest wine ever discovered
Cameron Young shoots the 13th sub-60 round in PGA Tour history at the Travelers Championship