Current:Home > ScamsKmart’s blue light fades to black with the shuttering of its last full-scale US store -Wealth Legacy Solutions
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
Benjamin Ashford View
Date:2025-03-11 06:56:14
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! (52397)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- When will Lionel Messi return from leg injury? Here's what we know after draw vs. Orlando
- Save Early on Spanx Summer Styles With 40% off Coveted Bodysuits, Shorts, Dresses & More
- New Caesars Sportsbook at Chase Field allows baseball and betting to coexist
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Wisconsin election officials fear voter confusion over 2 elections for same congressional seat
- Long-term mortgage rates retreat for second straight week, US average at 7.02%
- Yemeni security forces deploy in Aden as anger simmers over lengthy power outages
- The Super Bowl could end in a 'three
- Proof Nicole Richie and Cameron Diaz's Bond Is Better Than a Best Friend's
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- 2 dead, 2 injured in early morning explosion at a rural Ohio home: Reports
- Texas judge orders new election after GOP lawsuit challenged 2022 election result in Houston area
- Majority of EU nations want more partnerships to stem migration from countries of origin
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Promising rookie Nick Dunlap took the PGA Tour by storm. Now he's learning how to be a pro
- Nick Jonas Debuts Shaved Head in New Photo With Daughter Malti Marie
- West Virginia miner dies in state’s first reported coal fatality of the year
Recommendation
The Daily Money: Spending more on holiday travel?
US military says first aid shipment has been driven across a newly built US pier into the Gaza Strip
Bridge between Galveston and Pelican Island remains closed after barge crash
Spanish police say they’ve broken up Sinaloa cartel network, and seized 1.8 tons of meth
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Powerball winning numbers for May 15 drawing: Jackpot rises to $77 million
Arrests of US tourists in Turks and Caicos for carrying ammunition prompts plea from three governors
Walmart chia seeds sold nationwide recalled due to salmonella