Current:Home > InvestKmart’s blue light fades to black with the shuttering of its last full-scale US store -WealthSync Hub
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-13 14:32:43
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! (4362)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- NFL MVP rankings: Does Steelers QB Russell Wilson deserve any consideration?
- FC Cincinnati player Marco Angulo dies at 22 after injuries from October crash
- College Football Playoff bracket: Complete playoff picture after latest rankings
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Kansas basketball vs Michigan State live score updates, highlights, how to watch Champions Classic
- Who will be in the top 12? Our College Football Playoff ranking projection
- College Football Playoff bracket: Complete playoff picture after latest rankings
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Armie Hammer Says His Mom Gifted Him a Vasectomy for His 38th Birthday
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Deion Sanders doubles down on vow to 99-year-old Colorado superfan
- Dallas Long, who won 2 Olympic medals while dominating the shot put in the 1960s, has died at 84
- Missing Ole Miss student declared legally dead as trial for man accused in his death looms
- Nevada attorney general revives 2020 fake electors case
- Opinion: Chris Wallace leaves CNN to go 'where the action' is. Why it matters
- Diamond Sports Group will offer single-game pricing to stream NBA and NHL games starting next month
- Charles Hanover: Caution, Bitcoin May Be Entering a Downward Trend!
Recommendation
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
What are the best financial advising companies? Help USA TODAY rank the top U.S. firms
After Baltimore mass shooting, neighborhood goes full year with no homicides
Diamond Sports Group will offer single-game pricing to stream NBA and NHL games starting next month
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Tom Brady Shares How He's Preparing for Son Jack to Be a Stud
Opinion: Chris Wallace leaves CNN to go 'where the action' is. Why it matters
Parts of Southern California under quarantine over oriental fruit fly infestation