Current:Home > InvestKmart’s blue light fades to black with the shuttering of its last full-scale US store -MoneyStream
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-17 12:56:52
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! (4)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Elon Musk suggests X will start charging all users small monthly payment
- Temple University says acting president JoAnne A. Epps has died after collapsing on stage
- UN rights experts report a rise of efforts in Venezuela to squelch democracy ahead of 2024 election
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- UN rights experts report a rise of efforts in Venezuela to squelch democracy ahead of 2024 election
- Howie Mandel salutes military group 82nd Airborne Division Chorus on 'America's Got Talent'
- Putin accepts invitation to visit China in October after meeting Chinese foreign minister in Moscow
- Meta releases AI model to enhance Metaverse experience
- Disney Star Matthew Scott Montgomery Details Conversion Therapy Experience After Coming Out as Gay
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Speaker McCarthy faces an almost impossible task trying to unite House GOP and fund the government
- Oregon’s attorney general says she won’t seek reelection next year after serving 3 terms
- Police say a Virginia mom, her 3 kids are missing. Her husband says he's not concerned.
- The Super Bowl could end in a 'three
- McCarthy faces seemingly impossible task trying to unite House GOP and avoid government shutdown
- Quavo steps up advocacy against gun violence after his nephew Takeoff’s shooting death
- Biden and Brazil’s Lula meeting in New York to discuss labor, climate
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
The end of the dress code? What it means that the Senate is relaxing clothing rules
Browns star Nick Chubb to undergo surgery on season-ending knee injury; Kareem Hunt in for visit
Adnan Syed calls for investigation into prosecutorial misconduct on protracted legal case
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
After unintended 12-year pause, South Carolina says it has secured drug to resume lethal injections
'If not now, when?': Here's why the UAW strike may have come at the perfect time for labor
Elon Musk suggests X will start charging all users small monthly payment