Current:Home > StocksKmart’s blue light fades to black with the shuttering of its last full-scale US store -EliteFunds
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-15 13:17:00
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! (3)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Georgia middle school teacher accused of threatening to behead Muslim student
- Prolific Chicago sculptor whose public works explored civil rights, Richard Hunt dies at 88
- DK Metcalf's ASL teacher says Seahawks receiver brings his own flair to the language
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Alex Jones offers to pay Newtown families at least $55 million over school shooting hoax conspiracy
- Prolific Chicago sculptor whose public works explored civil rights, Richard Hunt dies at 88
- Florida Republican Party suspends chairman and demands his resignation amid rape investigation
- In ‘Nickel Boys,’ striving for a new way to see
- Quaker Oats recalls granola products because of concerns of salmonella contamination
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Michigan man almost threw away winning $2 million scratch-off ticket
- The sorry Chargers have one major asset in recruiting a new coach: Stud QB Justin Herbert
- 79-year-old Alabama woman arrested after city worker presses charges over dispute at council meeting
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Jared Goff throws 5 TD passes as NFC North-leading Lions bounce back, beat Broncos 42-17
- The 18 Hap-Hap-Happiest Secrets About Christmas Vacation Revealed
- NFL bans Eagles security chief Dom DiSandro from sideline for rest of regular season, AP sources say
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Serbia’s populists look to further tighten grip on power in tense election
Pope Francis’ 87th birthday closes out a big year of efforts to reform the church, cement his legacy
These 18 Great Gifts Have Guaranteed Christmas Delivery & They're All on Sale
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Finland seeks jailing, probe of Russian man wanted in Ukraine over alleged war crimes in 2014-2015
Colts keep playoff hopes alive, down Steelers by scoring game's final 30 points
27 Practical Gifts From Amazon That People Will Actually Want To Receive for the Holidays