Current:Home > reviewsKmart’s blue light fades to black with the shuttering of its last full-scale US store -Visionary Wealth Guides
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-16 10:32:22
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! (777)
Related
- The Daily Money: Spending more on holiday travel?
- A judge has branded Google a monopolist, but AI may bring about quicker change in internet search
- Texas schools got billions in federal pandemic relief, but it is coming to an end as classes begin
- Hard Knocks with Bears: Caleb Williams in spotlight, Jonathan Owens supports Simone Biles
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Keira Knightley Shares Daughter’s Dyslexia Diagnosis in Rare Family Update
- USWNT's win vs. Germany at Olympics shows 'heart and head' turnaround over the last year
- Data shows Rio Grande water shortage is not just due to Mexico’s lack of water deliveries
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Trump's bitcoin stockpile plan stirs debate in cryptoverse
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Freddie Freeman's emotional return to Dodgers includes standing ovation in first at bat
- Bob Woodward’s next book, ‘War,’ will focus on conflict abroad and politics at home
- Chemical vs. mineral sunscreen: Dermatologists explain types of UV protection
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Are Whole Body Deodorants Worth It? 10 Finds Reviewers Love
- Cole Hocker shocks the world to win gold in men's 1,500
- Data shows Rio Grande water shortage is not just due to Mexico’s lack of water deliveries
Recommendation
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
9 dead, 1 injured after SUV crashes into Palm Beach County, Florida canal
Indiana’s completion of a 16-year highway extension project is a ‘historic milestone,’ governor says
9 dead, 1 injured after SUV crashes into Palm Beach County, Florida canal
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
How M. Night Shyamalan's 'Trap' became his daughter Saleka's 'Purple Rain'
Study Links Permian Blowouts With Wastewater Injection
Software upgrades for Hyundai, Kia help cut theft rates, new HLDI research finds