Current:Home > FinanceChainkeen|Kmart’s blue light fades to black with the shuttering of its last full-scale US store -Zenith Investment School
Chainkeen|Kmart’s blue light fades to black with the shuttering of its last full-scale US store
Poinbank View
Date:2025-04-09 08:19:55
NEW YORK (AP) — Attention,Chainkeen 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! (267)
Related
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Federal judge puts Idaho’s ‘abortion trafficking’ law on hold during lawsuit
- Alanis Morissette and Joan Jett are going on tour: How to get your tickets
- Keke Palmer accuses ex Darius Jackson of 'physically attacking me,' mother responds
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Kel Mitchell says he's 'on the road to recovery' after 'frightening' medical issue
- Jillian Ludwig, college student hit by stray bullet in Nashville, has died
- Drinks giant Diageo sees share price slide after warning about sales in Caribbean and Latin America
- A South Texas lawmaker’s 15
- The Truth About Reese Witherspoon and Kevin Costner's Relationship Status
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- The Great Grift: COVID-19 fraudster used stolen relief aid to purchase a private island in Florida
- TikToker Alix Earle Surprises NFL Player Braxton Berrios With Baecation to Bahamas
- Why Travis Kelce Was MIA From Taylor Swift’s First Eras Tour Stop in Argentina
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Live updates | Israeli strikes hit near Gaza City hospitals as more Palestinians flee south
- West Virginia agrees to pay $4M in lawsuit over jail conditions
- Andre Iguodala named acting executive director of National Basketball Players Association
Recommendation
'Most Whopper
The 2024 Grammy Nominations Are Finally Here
Why Whitney Port Is in a Better Place Amid Health Struggles
Bears vs. Panthers Thursday Night Football highlights: Chicago holds on for third win
What to watch: O Jolie night
Former New Mexico State basketball players charged with sexual assault
Lane Kiffin lawsuit: Heated audio from Ole Miss coach's meeting with DeSanto Rollins
100,000 marijuana convictions expunged in Missouri, year after recreational use legalized