Current:Home > StocksKmart’s blue light fades to black with the shuttering of its last full-scale US store -Prime Capital Blueprint
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-18 06:21:48
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! (85871)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Gal Gadot supports Israel amid Palestinian conflict, Bruno Mars cancels Tel Aviv show
- Western Michigan house fire kills 2 children while adult, 1 child escape from burning home
- US raises the death toll to 9 of Americans killed in the weekend Hamas attacks on Israel
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- What does George Santos' ex-campaign treasurer Nancy Marks' guilty plea mean for his criminal defense?
- Dodgers on the ropes after Clayton Kershaw gets rocked in worst outing of his career
- Powerball jackpot climbs to $1.55 billion after no winner in Saturday's drawing
- Tom Holland's New Venture Revealed
- Timeline of surprise rocket attack by Hamas on Israel
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- 'Just an embarrassment:' Major League Baseball managers are grossly underpaid
- The auto workers’ strike enters its 4th week. The union president urges members to keep up the fight
- Oklahoma is among teams moving up in top 10, while Texas tumbles in US LBM Coaches Poll
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- An Israeli airstrike kills 19 members of the same family in a southern Gaza refugee camp
- Jobs report shows payrolls grew by 336K jobs in September while unemployment held at 3.8%
- Texas Rangers slam Baltimore Orioles, take commanding 2-0 ALDS lead
Recommendation
DoorDash steps up driver ID checks after traffic safety complaints
Drake Fires Back at Weirdos Criticizing His Friendship With Millie Bobby Brown
Georgia will take new applications for housing subsidy vouchers in 149 counties
‘Priscilla’ movie doesn’t shy away from Elvis age gap: She was 'a child playing dress-up’
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Colts QB Anthony Richardson knocked out of game vs. Titans with shoulder injury
What is Hamas? Militant group behind surprise Israel attack has ruled Gaza for years
Colts QB Anthony Richardson knocked out of game vs. Titans with shoulder injury