Current:Home > NewsKmart’s blue light fades to black with the shuttering of its last full-scale US store -TradeGrid
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-24 23:15:37
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! (721)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Microsoft hires influential AI figure Mustafa Suleyman to head up consumer AI business
- Beyoncé calls out country music industry, reflects on a time 'where I did not feel welcomed'
- Texas’ migrant arrest law is back on hold after briefly taking effect
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Which NBA teams could be headed for the postseason via play-in tournament games?
- Dairy Queen's free cone day is back: How to get free ice cream to kick off spring
- Michigan will become the last US state to decriminalize surrogacy contracts
- Current, future North Carolina governor’s challenge of power
- Meagan Good Confirms Boyfriend Jonathan Majors Is The One
Ranking
- Travis Hunter, the 2
- EPA issues new auto rules aimed at cutting carbon emissions, boosting electric vehicles and hybrids
- AP documents grueling conditions in Indian shrimp industry that report calls “dangerous and abusive”
- ATF agent injured in shootout at home of Little Rock, Arkansas, airport executive director
- Trump invites nearly all federal workers to quit now, get paid through September
- French bulldogs remain the most popular US breed in new rankings. Many fans aren’t happy
- Princess Kate tabloid photo, video fuel speculation: Why the gossip is harmful
- Man dead, woman rescued after falling down 80-foot cliff in UTV at Kentucky adventure park
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
'Lady Gaga Jazz & Piano' returning for 8 summer dates in Las Vegas
Darkness from April's eclipse will briefly impact solar power in its path. What to know.
Jake Gyllenhaal got a staph infection making 'Road House,' says his 'whole arm swelled up'
Could your smelly farts help science?
Highlights from the AP’s reporting on the shrimp industry in India
When is the first day of spring in 2024? What to know about the vernal equinox
10 years after the deadliest US landslide, climate change is increasing the danger