Current:Home > FinanceKmart’s blue light fades to black with the shuttering of its last full-scale US store -WealthFlow Academy
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-18 18:24:00
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! (4356)
Related
- Don't let hackers fool you with a 'scam
- Oklahoma city approves $7M settlement for man wrongfully imprisoned for decades
- Stuffed or real? Photos show groundhog stuck inside claw machine
- Aaron Hernandez’s Rise and Tragic Fall Explored in Chilling American Sports Story Trailer
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Severe weather is impacting concerts, so what are live music organizers doing about it?
- Injured Ferguson officer shows ‘small but significant’ signs of progress in Missouri
- A weatherman had a panic attack live on air. What it teaches us.
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Yankees star Aaron Judge becomes fastest player to 300 home runs in MLB history
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Clint Eastwood's Son Scott Shares How Family Is Doing After Death of Christina Sandera
- Georgia mayor faces felony charges after investigators say he stashed alcohol in ditch for prisoners
- Family of woman killed by falling utility pole to receive $30M settlement
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Pro-Palestinian protesters who blocked road near Sea-Tac Airport to have charges dropped
- 'RuPaul's Drag Race Global All Stars': Premiere date, cast, where to watch and stream
- As students return, US colleges brace for a resurgence in activism against the war in Gaza
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Biden to designate 1908 Springfield race riot site as national monument
American Supercar: A first look at the 1,064-HP 2025 Chevrolet Corvette ZR1
What to stream: Post Malone goes country, Sydney Sweeney plays a nun and Madden 25 hits the field
A South Texas lawmaker’s 15
Wisconsin man convicted in killings of 3 men near a quarry
Matthew Perry's Assistant Repeatedly Injected Actor With Ketamine the Day He Died, Prosecutors Allege
Massachusetts governor signs law phasing out toxic PFAS in firefighters’ gear