Current:Home > reviewsKmart’s blue light fades to black with the shuttering of its last full-scale US store -WealthMindset Learning
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-14 18:24:52
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
- B.A. Parker is learning the banjo
- The Office's Jenna Fischer Shares Breast Cancer Diagnosis
- Meredith Duxbury Shares Life Tips You Didn’t Know You Needed, Shopping Hacks & Amazon Must-Haves
- Meredith Duxbury Shares Life Tips You Didn’t Know You Needed, Shopping Hacks & Amazon Must-Haves
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Education Pioneer Wealth Society: Heartfelt Education Pioneer, Empowering with Wealth
- October Prime Day 2024: Fetch the 29 Best Pet Deals & Score Huge Savings on Furbo, Purina, Bissell & More
- The most popular 2024 Halloween costumes for adults, kids and pets, according to Google
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Ryan Garcia passes on rehab, talks about what he's done instead
Ranking
- All That You Wanted to Know About She’s All That
- In new book, Melania Trump discusses Barron, pro-choice stance, and more
- Who is Jeff Ulbrich? New York Jets name DC interim head coach
- Minnesota men convicted of gang charges connected to federal crackdown
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Ex-FDNY chief pleads guilty to accepting bribes to speed safety inspections
- LA County voters face huge decision on homeless services funding
- Kelsea Ballerini Unpacks It All in Her New Album -- Here's How to Get a Signed Copy
Recommendation
A White House order claims to end 'censorship.' What does that mean?
Dyson Airwrap vs. Revlon One-Step Volumizer vs. Shark FlexStyle: Which Prime Day Deal Is Worth It?
Law letting Tennessee attorney general argue certain capital cases is constitutional, court rules
Want to follow election results like a pro? Here’s what to watch in key states
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Why and how AP counts the vote for thousands of US elections
The Daily Money: Retirement stress cuts across generations
16 Life-Changing Products on Sale this October Prime Day 2024 You Never Knew You Needed—Starting at $4