Current:Home > FinanceKmart’s blue light fades to black with the shuttering of its last full-scale US store -Ascend Finance Compass
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
Charles H. Sloan View
Date:2025-04-07 18:12:01
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! (62)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Maryland apologizes to man wrongly convicted of murder, agrees to $340K payment for years in prison
- Kraft issues recall of processed American cheese slices due to potential choking hazard
- Husband charged with killing wife, throwing body into lake
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Travis Kelce, Taylor Swift dating? Jason Kelce jokes the love story is '100% true'
- No Labels push in closely divided Arizona fuels Democratic anxiety about a Biden spoiler
- Senators weigh in on lack of dress code, with Susan Collins joking she'll wear a bikini
- Intellectuals vs. The Internet
- You've likely seen this ranch on-screen — burned by wildfire, it awaits its next act
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Deposed Nigerien president petitions West African regional court to order his release, reinstatement
- A helicopter, a fairy godmother, kindness: Inside Broadway actor's wild race from JFK to Aladdin stage
- 'Super Models' doc reveals disdain for Crawford's mole, Evangelista's ‘deep depression’
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- 19-year-old daredevil saved after stunt left him dangling from California's tallest bridge
- 'Sex Education' Season 4: Cast, release date, how to watch final episodes of Netflix show
- Biden administration announces $600M to produce COVID tests and will reopen website to order them
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Tenor Stephen Gould dies at age 61 after being diagnosed with bile duct cancer
Democrats want federal voting rights bill ahead of 2024 elections
Judge sets trial date to decide how much Giuliani owes 2 election workers in damages
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Retired U.S. Rep. Jackie Speier is campaigning for seat on the San Mateo County Board of Supervisors
Catch some ZZZs: How long does melatonin last? Here's what you should know.
Kraft is recalling some American cheese slices over potential choking hazard