Current:Home > MarketsKmart’s blue light fades to black with the shuttering of its last full-scale US store -PureWealth Academy
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-16 03:06:15
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! (4)
Related
- A New York Appellate Court Rejects a Broad Application of the State’s Green Amendment
- Jerry Seinfeld reflects on criticism from pro-Palestinian protesters: 'It's so dumb'
- Harvey Weinstein to appear before judge in same courthouse where Trump is on trial
- Jason Kelce defends wife Kylie after commenter calls her a bad 'homemaker'
- Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
- Bill Walton, NBA Hall of Famer who won 2 championships, dies at 71
- Billionaire plans to take submersible to Titanic nearly one year after OceanGate implosion
- Linen Clothing Is the Chicest Way To Stay Cool This Summer: What To Buy Right Now
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Will Messi play Inter Miami's next game vs. Atlanta? The latest as Copa América nears
Ranking
- NCAA hands former Michigan coach Jim Harbaugh a 4-year show cause order for recruiting violations
- Lexi Thompson, 29, announces she will retire at end of 2024 LPGA season
- See Lindsay Hubbard & Carl Radke's Vicious Post-Breakup Showdown in Summer House Reunion Trailer
- US consumer confidence rises in May after three months of declines
- RFK Jr. closer to getting on New Jersey ballot after judge rules he didn’t violate ‘sore loser’ law
- Federal investigation of former Ohio House speaker ends with no charges filed
- Indianapolis officer fatally shoots suspect in armed carjacking after suspect reaches for something
- Rick Carlisle shares story about how Bill Walton secured all-access Grateful Dead passes
Recommendation
Southern California rocked by series of earthquakes: Is a bigger one brewing?
Two escaped Louisiana inmates found in dumpster behind Dollar General, two others still at large
Isabella Strahan Celebrates 19th Birthday Belatedly After Being Unconscious Due to Brain Cancer Surgery
New Jersey and wind farm developer Orsted settle claims for $125M over scrapped offshore projects
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Power outage map: Memorial Day Weekend storms left hundreds of thousands without power
Most Americans are in support of public transit, but 3% use it to commute.
Washington Post said it had the Alito flag story 3 years ago and chose not to publish