Current:Home > StocksKmart’s blue light fades to black with the shuttering of its last full-scale US store -Thrive Financial Network
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-16 07:11:10
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! (79375)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- Retired wrestler, ex-congressional candidate challenging evidence in Vegas murder case
- Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors
- As his trans daughter struggles, a father pushes past his prejudice. ‘It was like a wake-up’
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Save up to 54% on Samsonite’s Chic & Durable Carry-Ons, Luggage Sets, Duffels, Toiletry Bags & More
- Recall effort targeting Republican leader in Wisconsin expected to fail
- Valerie Bertinelli slams Food Network: 'It's not about cooking or learning any longer'
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Celebrate National Pet Day with These Paws-ome & Purr-fect Gifts for Your Furry Friend
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Chiefs' Rashee Rice faces aggravated assault, seven more charges over multi-car crash
- DJ Mister Cee, longtime radio staple who worked with Biggie and Big Daddy Kane, dies at 57
- My son was feeling left behind. What kids with autistic siblings want you to know.
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Iowa will retire Caitlin Clark's No. 22 jersey: 'There will never be another'
- Scientists are grasping at straws while trying to protect infant corals from hungry fish
- Driver arrested after fleeing California crash that killed child, injured 4 other passengers
Recommendation
The Best Stocking Stuffers Under $25
Adam Silver: Raptors' Jontay Porter allegations are a 'cardinal sin' in NBA
Water pouring out of rural Utah dam through 60-foot crack, putting nearby town at risk
Illinois says available evidence in Terrence Shannon Jr. case is 'not sufficient' to proceed
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Biden awards $830 million to toughen nation’s infrastructure against climate change
A brief history of the Green Jacket at Augusta National
Recall effort targeting Republican leader in Wisconsin expected to fail