Current:Home > MarketsKmart’s blue light fades to black with the shuttering of its last full-scale US store -Streamline Finance
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-12 08:40:28
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! (18)
Related
- Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
- 'Be good': My dad and ET shared last words I'll never forget
- Want to build a million-dollar nest egg? Two investment accounts worth looking into
- Roller coaster strikes and critically injures man in restricted area of Ohio theme park
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Kylie Jenner Breaks Down in Tears Over Nasty Criticism of Her Looks
- Charlie Woods wins qualifier to secure spot in U.S. Junior Amateur championship
- Howie Mandel's wife had a gruesome injury while tipsy. Alcohol injuries are a huge issue
- Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
- Pregnant Ashley Tisdale Details Horrible Nighttime Symptoms
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Lululemon's New Crossbody Bag Is Pretty in Pink & the Latest We Made Too Much Drops Are Stylish AF
- Lululemon's New Crossbody Bag Is Pretty in Pink & the Latest We Made Too Much Drops Are Stylish AF
- IRS says ‘vast majority’ of 1 million pandemic-era credit claims show a risk of being improper
- Louisiana high court temporarily removes Judge Eboni Johnson Rose from Baton Rouge bench amid probe
- Alabama man wanted in connection with multiple murders spotted in Arkansas, police say
- Kylie Jenner cries over 'exhausting' comments saying she looks 'old'
- Anchorage woman found dead in home after standoff with police, SWAT team
Recommendation
What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
Hall of Famer Michael Irvin says wife Sandy suffers from early onset Alzheimer’s
Starting Pilates? Here’s Everything You’ll Need To Crush Your Workout at Home or in the Studio
Travis Scott Arrested for Alleged Disorderly Intoxication and Trespassing
PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
So long plastic air pillows: Amazon shifting to recycled paper filling for packages in North America
Want to build a million-dollar nest egg? Two investment accounts worth looking into
Travis Kelce responds to typo on Chiefs' Super Bowl ring: 'I don’t give a (expletive)'