Current:Home > MyKmart’s blue light fades to black with the shuttering of its last full-scale US store -VisionFunds
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-17 08:50:55
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! (2844)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Jurors in New Mexico convict extended family on kidnapping charges; 2 convicted on terrorism charges
- China’s Xi promises more market openness and new investments for Belt and Road projects
- A shirtless massage in a business meeting? AirAsia exec did it. Then posted it on LinkedIn
- Rylee Arnold Shares a Long
- Hong Kong court upholds rulings backing subsidized housing benefits for same-sex couples
- Britney Spears Reveals Why She Really Shaved Her Head in 2007
- South Carolina teen elected first Black homecoming queen in school's 155 years of existence
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- No place is safe in Gaza after Israel targets areas where civilians seek refuge, Palestinians say
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Inflation in UK unchanged at 6.7% in September, still way more than Bank of England’s target of 2%
- After Israel's expected Gaza invasion, David Petraeus says there needs to be a vision for what happens next
- After Israel's expected Gaza invasion, David Petraeus says there needs to be a vision for what happens next
- North Carolina justices rule for restaurants in COVID
- Former Wisconsin Senate clerk resigned amid sexual misconduct investigation, report shows
- Will Smith Shares Official Statement After Jada Pinkett Smith's Revelations—But It's Not What You Think
- Colorado teens accused of taking ‘memento’ photo after rock-throwing death set to appear in court
Recommendation
Intellectuals vs. The Internet
NIL hearing shows desire to pass bill to help NCAA. How it gets there is uncertain
Jax Taylor Reveals He’s in “Contract Negotiations” With Brittany for Baby No. 2
The latest college campus freebies? Naloxone and fentanyl test strips
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Doctors abandon excited delirium diagnosis used to justify police custody deaths. It might live on, anyway.
US announces sanctions against a group of 10 Hamas members and financial network over Israel attack
Las Vegas prosecutor faces charges after police say he tried to lure an underage girl for sex