Current:Home > NewsKmart’s blue light fades to black with the shuttering of its last full-scale US store -TrueNorth Capital Hub
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-17 14:11:38
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! (4)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- In their own words: What young people wish they’d known about social media
- Alec and Hilaria Baldwin announce TLC family reality series
- Sean 'Diddy' Combs sells shares in Revolt as his media company becomes employee-owned
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- New study finds Earth warming at record rate, but no evidence of climate change accelerating
- MLB will face a reckoning on gambling. Tucupita Marcano's lifetime ban is just the beginning.
- Lionel Messi debuts new drink Mas+: How to get Messi's new drink online and in stores
- A South Texas lawmaker’s 15
- 'Tickled': Kentucky dad wins big in Powerball 3 months after his daughter won lotto game
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- TikTok says cyberattack targeted CNN and other ‘high-profile accounts’
- The Best All-in-One Record Players for Beginners with Bluetooth, Built-in Speakers & More
- How do I break into finance and stay competitive? Ask HR
- 2025 'Doomsday Clock': This is how close we are to self
- Biden’s Chinese Tariffs Could Hamper E-Bike Sales in the U.S.
- Phoenix using ice immersion to treat heat stroke victims as Southwest bakes in triple digits
- Downed power line shocks 6-year-old Texas boy and his grandmother, leaving them with significant burns in ICU
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
NASCAR grants Kyle Larson waiver after racing Indy 500, missing start of Coca-Cola 600
The Best Pride Merch of 2024 to Celebrate and Support the LGBTQIA+ Community
First-in-the-Nation Geothermal Heating and Cooling System Comes to Massachusetts
Grammy nominee Teddy Swims on love, growth and embracing change
The Best Pride Merch of 2024 to Celebrate and Support the LGBTQIA+ Community
The Book Report: Washington Post critic Ron Charles (June 2)
Man's body with barbell attached to leg found in waters off popular Greek beach