Current:Home > ContactKmart’s blue light fades to black with the shuttering of its last full-scale US store -MarketLink
Kmart’s blue light fades to black with the shuttering of its last full-scale US store
View
Date:2025-04-14 14:32:02
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! (5584)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Myth of ‘superhuman strength’ in Black people persists in deadly encounters with police
- The EPA says lead in Flint's water is at acceptable levels. Residents still have concerns about its safety.
- American found with ammo in luggage on Turks and Caicos faces 12 years: 'Boneheaded mistake'
- A White House order claims to end 'censorship.' What does that mean?
- Stock market today: Asian benchmarks mostly climb despite worries about US economy
- What happens to your credit score when your spouse dies? (Hint: Nothing good.)
- Paramedic sentencing in Elijah McClain’s death caps trials that led to 3 convictions
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Flight attendant indicted in attempt to record teen girl in airplane bathroom
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Authorities search for tech executives' teen child in California; no foul play suspected
- Lakers' 11th loss in a row to Nuggets leaves them on brink of playoff elimination
- Former Virginia hospital medical director acquitted of sexually abusing ex-patients
- New data highlights 'achievement gap' for students in the US
- Jury in Abu Ghraib trial says it is deadlocked; judge orders deliberations to resume
- United Methodist Church moves closer to enabling regional decisions, paving the way for LGBTQ rights within church
- Wade Rousse named new president of Louisiana’s McNeese State University
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Michigan man charged with manslaughter in deadly building explosion
Biden says he's happy to debate Trump before 2024 election
Los Angeles Rams 'fired up' after ending first-round pick drought with Jared Verse
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Former Virginia hospital medical director acquitted of sexually abusing ex-patients
Rise in all-cash transactions turbocharge price gains for luxury homes
Man killed while fleeing Indiana police had previously resisted law enforcement