Current:Home > MarketsKmart’s blue light fades to black with the shuttering of its last full-scale US store -MoneyBase
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-19 00:16:52
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! (1)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Bob Huggins resigns as West Virginia men's basketball coach after DUI arrest in Pittsburgh
- Bear kills Arizona man in highly uncommon attack
- A months-long landfill fire in Alabama reveals waste regulation gaps
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- We're gonna have to live in fear: The fight over medical care for transgender youth
- Global Warming Pushes Microbes into Damaging Climate Feedback Loops
- Vehicle-to-Grid Charging for Electric Cars Gets Lift from Major U.S. Utility
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Trump EPA’s ‘Secret Science’ Rule Would Dismiss Studies That Could Hold Clues to Covid-19
Ranking
- Meet first time Grammy nominee Charley Crockett
- Never-Used Tax Credit Could Jumpstart U.S. Offshore Wind Energy—if Renewed
- We're gonna have to live in fear: The fight over medical care for transgender youth
- What is Juneteenth? Learn the history behind the federal holiday's origin and name
- Former Syrian official arrested in California who oversaw prison charged with torture
- Billions of people lack access to clean drinking water, U.N. report finds
- Remember the Titans Actor Ethan Suplee Reflects on 250-Pound Weight Loss Journey
- Jamie Lynn Spears Shares Big Update About Zoey 102: Release Date, Cast and More
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Several States Using Little-Known Fund to Jump-Start the Clean Economy
Love is something that never dies: Completing her father's bucket list
Coasts Should Plan for 6.5 Feet Sea Level Rise by 2100 as Precaution, Experts Say
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Scientists Track a Banned Climate Pollutant’s Mysterious Rise to East China
Nicky Hilton Shares Advice She Gave Sister Paris Hilton On Her First Year of Motherhood
Pay up, kid? An ER's error sends a 4-year-old to collections