Current:Home > MarketsKmart’s blue light fades to black with the shuttering of its last full-scale US store -StockHorizon
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-13 01:55:20
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! (833)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Kathy Bates chokes up discovering she didn't leave mom out of Oscar speech: 'What a relief'
- Former No. 1 MLB draft pick Matt Bush arrested for DWI after crash in Texas
- What kind of bird is Woodstock? Some history on Snoopy's best friend from 'Peanuts'
- 'Most Whopper
- Man injured after explosion at Southern California home; blast cause unknown
- Ohio TV reporter shot, hospitalized following apparent domestic incident: Reports
- Harris calls Trump ‘incredibly irresponsible’ for spreading misinformation about Helene response
- B.A. Parker is learning the banjo
- States sue TikTok, claiming its platform is addictive and harms the mental health of children
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Hyundai has begun producing electric SUVs at its $7.6 billion plant in Georgia
- Supreme Court to hear challenge to ghost-gun regulation
- Former No. 1 MLB draft pick Matt Bush arrested for DWI after crash in Texas
- Small twin
- Sally Field recounts her 'horrific' illegal abortion in video supporting Kamala Harris
- From prepped to panicked: How different generations feel about retirement
- Kathy Bates chokes up discovering she didn't leave mom out of Oscar speech: 'What a relief'
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
Early Amazon Prime Day 2024 Fall Fashion Deals: $5.60 Leggings, $7.40 Fleece & More
A series of deaths and the ‘Big Fight': Uncovering police force in one Midwestern city
Pilot dies as small plane crashes after taking off from Nebraska airport
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Pregnant Gypsy Rose Blanchard Shares Glimpse at Baby’s “Adorable Morning Kicks”
Anne Hathaway Reveals Sweet Anniversary Gift From Husband Adam Shulman
Oklahoma amends request for Bibles that initially appeared to match only version backed by Trump