Current:Home > reviewsKmart’s blue light fades to black with the shuttering of its last full-scale US store -GrowthProspect
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
Algosensey Quantitative Think Tank Center View
Date:2025-04-07 11:24:18
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! (3)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- These women spoke out about Diddy years ago. Why didn't we listen?
- First US high school with an all-basketball curriculum names court after Knicks’ Julius Randle
- Court upholds finding that Montana clinic submitted false asbestos claims
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Pennsylvania high court asked to keep counties from tossing ballots lacking a date
- Sara Foster Addresses Tommy Haas Breakup Rumors
- Sister Wives' Janelle Brown Details Bittersweet Memories of Late Son Garrison Brown
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Senate confirms commander of US Army forces in the Pacific after Tuberville drops objections
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Colorado man’s malicious prosecution lawsuit over charges in his wife’s death was dismissed
- District attorney is appointed as judge on the Mississippi Court of Appeals
- New survey finds nearly half of Asian Americans were victims of a hate act in 2023
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Mandy Moore Gives Birth, Welcomes Baby No. 3 With Taylor Goldsmith
- 'The hardest thing': Emmanuel Littlejohn, recommended for clemency, now facing execution
- Tropical Weather Latest: Swaths of Mexico and Florida under hurricane warnings as Helene strengthens
Recommendation
Highlights from Trump’s interview with Time magazine
Harris plans to campaign on Arizona’s border with Mexico to show strength on immigration
Chicago’s Latino Neighborhoods Have Less Access to Parks, But Residents Are Working to Change That
Opinion: Katy Perry's soulless '143' album shows why nostalgia isn't enough
The Super Bowl could end in a 'three
Will Young Voters’ Initial Excitement for Harris Build Enough Momentum to Get Them to the Polls?
Biography of 18th century poet Phillis Wheatley is winner of George Washington Prize
Hot Diggity Dog! Disney & Columbia Just Dropped the Cutest Fall Collab, With Styles for the Whole Family