Current:Home > MyKmart’s blue light fades to black with the shuttering of its last full-scale US store -Financial Clarity Guides
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-27 15:06:46
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! (961)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Pro bowler from Ohio arrested while competing in tournament in Indiana
- 16-year-old suspect in Juneteenth shooting that hurt 6 sent to adult court
- Senate deal on border security and Ukraine aid faces defeat as Republicans are ready to block bill
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Bluesky, a social network championed by Jack Dorsey, opens for anyone to sign up
- Edmonton Oilers' win streak ends at 16 games after loss to Vegas Golden Knights
- Taylor Swift will likely take her private plane from Tokyo to Las Vegas for the Super Bowl. But the jet comes with emissions – and criticism.
- A White House order claims to end 'censorship.' What does that mean?
- Lyft says drivers will receive at least 70% of rider payments
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Edmonton Oilers' win streak ends at 16 games after loss to Vegas Golden Knights
- Travis Kelce was one of NFL's dudeliest dudes. Taylor Swift shot him into the stratosphere.
- Relive the Most OMG Moments to Hit the Runways During Fashion Week
- The White House is cracking down on overdraft fees
- Upending TV sports, ESPN, Fox, Warner Bros. Discovery form joint streaming service
- 70 arrests highlight corruption in nation’s largest public housing authority, US Attorney says
- Crewmember dies in accident on set of Marvel’s ‘Wonder Man’
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
What to know about Supreme Court arguments over Trump, the Capitol attack and the ballot
EPA tightens rules on some air pollution for the first time in over a decade
Save 36% on Peter Thomas Roth Retinol That Reduces Fine Lines & Wrinkles While You Sleep
B.A. Parker is learning the banjo
Pennsylvania man charged with flying drone over Baltimore stadium during AFC championship game
NBA trade deadline tracker: Everything to know on latest trades, deals as deadline looms
Tish Cyrus Details “Psychological Breakdown” Amid Divorce From Billy Ray Cyrus