Current:Home > MarketsKmart’s blue light fades to black with the shuttering of its last full-scale US store -Excel Money Vision
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-19 14:17:31
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! (17)
Related
- Bodycam footage shows high
- There are so few doctors in Maui County that even medical workers struggle to get care
- 14 sex buyers arrested, 10 victims recovered in human trafficking sting at Comic-Con
- Donald Trump’s gag order remains in effect after hush money conviction, New York appeals court rules
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Horoscopes Today, August 1, 2024
- Scottie Scheffler 'amazed' by USA gymnastic team's Olympic gold at Paris Games
- Drag queen in Olympic opening ceremony has no regrets, calls it ‘a photograph of France in 2024’
- What do we know about the mysterious drones reported flying over New Jersey?
- The Latest: Trump on defense after race comments and Vance’s rough launch
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Bookmaker to plead guilty in gambling case tied to baseball star Shohei Ohtani’s ex-interpreter
- 2024 Olympics: Rower Robbie Manson's OnlyFans Paycheck Is More Than Double His Sport Money
- Olympian Katie Ledecky Has Become a Swimming Legend—But Don’t Tell Her That
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- ACLU sues Washington state city over its anti-homeless laws after a landmark Supreme Court ruling
- Say Goodbye to Frizzy Hair: I Tested and Loved These Products, but There Was a Clear Winner
- 14-month-old boy rescued after falling down narrow pipe in the yard of his Kansas home
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Cardi B Reveals She's Pregnant With Baby No. 3 Amid Divorce From Offset
Connecticut man bitten by rare rattlesnake he tried to help ends up in coma
The number of Americans filing for jobless claims hits highest level in a year
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Wisconsin judge refuses GOP request to pause absentee voting ruling sought by disabled people
Legislation will provide $100M in emergency aid to victims of wildfires and flooding in New Mexico
Who is Carlos Ortiz? Golfer in medal contention after Round 1 at 2024 Paris Olympics