Current:Home > MyKmart’s blue light fades to black with the shuttering of its last full-scale US store -Elevate Profit Vision
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-13 09:24:40
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! (3)
Related
- Highlights from Trump’s interview with Time magazine
- At least 27 killed in central Gaza airstrike as U.S. envoy visits the region
- At least 2 dead, 14 injured after 5 shootings in Savannah, Georgia, officials say
- Jennifer Lopez and Ben Affleck Step Out Together Amid Breakup Rumors
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Company wins court ruling to continue development of Michigan factory serving EV industry
- Taxpayer costs for profiling verdict over Joe Arpaio’s immigration crackdowns to reach $314M
- Pro-Palestinian protesters at Drexel ignore call to disband as arrests nationwide approach 3,000
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Report: MLB investigating David Fletcher, former Shohei Ohtani teammate, for placing illegal bets
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- California county’s farm bureau sues over state monitoring of groundwater
- Shooting injures 2 at Missouri high school graduation ceremony
- Harry Styles and Taylor Russell Break Up After Less Than a Year of Dating
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Courteney Cox Shares Matthew Perry Visits Her 6 Months After His Death
- California county’s farm bureau sues over state monitoring of groundwater
- Pope Francis says social media can be alienating, making young people live in unreal world
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Juneteenth proclaimed state holiday again in Alabama, after bill to make it permanent falters
Company wins court ruling to continue development of Michigan factory serving EV industry
Texas bridge connecting Galveston and Pelican Island reopened after barge collision
Louvre will undergo expansion and restoration project, Macron says
Insider Q&A: CIA’s chief technologist’s cautious embrace of generative AI
Tyrese Haliburton wears Reggie Miller choke hoodie after Pacers beat Knicks in Game 7
Score 50% Off Banana Republic, 50% Off Old Navy, 50% Off Pottery Barn, 50% Off MAC Cosmetics & More Deals