Current:Home > ScamsKmart’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
View
Date:2025-04-18 09:12:43
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! (28428)
Related
- Travis Hunter, the 2
- Édgar Barrera, Bad Bunny and Karol G lead the 2024 Latin Grammy nominations
- Kamala Harris’ silk press shines: The conversation her hair is starting about Black women in politics
- Georgia official seeks more school safety money after Apalachee High shooting
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Why Footage in Simone Biles' Netflix Docuseries Could Help Jordan Chiles Get Bronze Medal Returned
- Martha Stewart Is Releasing Her 100th Cookbook: Here’s How You Can Get a Signed Copy
- Officials release new details, renderings of victim found near Gilgo Beach
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- ESPN's Peter Burns details how Missouri fan 'saved my life' as he choked on food
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- US Coast Guard says Russian naval vessels crossed into buffer zone off Alaska
- Second person dies from shooting at Detroit Lions tailgate party
- 'Jackass' star Steve-O says he scrapped breast implants prank after chat with trans stranger
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Why RHOSLC's Heather Gay Feels Like She Can't Win After Losing Weight on Ozempic
- Q&A: Near Lake Superior, a Tribe Fights to Remove a Pipeline From the Wetlands It Depends On
- Gilmore Girls' Kelly Bishop Reacts to Criticism of Rory Gilmore's Adult Storyline
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Nebraska man sentenced for impersonating 17-year-old high school student: Reports
2 former NYFD chiefs arrested in ongoing federal corruption investigation
A Harvest Moon reaches peak illumination tonight: When to look up
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
US Coast Guard says Russian naval vessels crossed into buffer zone off Alaska
San Francisco 49ers WR Deebo Samuel to miss a couple weeks with calf injury
Ex-officer says police 'exaggerated' Tyre Nichols' behavior during traffic stop