Kmart's blue light fades to black with the shuttering of its last full-scale US store

Date:

Share post:


NEW YORK — 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.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Albania to close TikTok for a year blaming it for promoting violence among children

TIRANA, Albania -- Albania's prime minister said Saturday the government will shut down the video service TikTok...

What changes should small businesses be aware of for 2025?

For small businesses, the biggest change in the new year will be the arrival of a presumably...

The Latest: Schumer says Senate on course to pass bill before funding lapses at midnight

With hours to go before a midnight government shutdown, the House approved a new plan from House...

Senate eyes vote before midnight on government funding after House approves bill to prevent shutdown

WASHINGTON -- Approaching a midnight government shutdown deadline, the Senate set up votes toward final passage late...

Crowds in Mayotte vent frustration with cyclone response as Macron tours devastation

MIRERENI, Mayotte -- Crowds in Mayotte vented their frustration at French President Emmanuel Macron, with some booing,...

Government funding difficulties create gloom for federal workers before Christmas

ANNAPOLIS, Md. -- Johnny Zuagar says he’s tried to hide his worries about a potential government shutdown...

NTSB trying to determine why tractor-trailer stopped on train tracks before deadly West Texas crash

PECOS, Texas -- Federal officials investigating the deadly West Texas collision between at Union Pacific train and...

VW wage deal for 120,000 German workers avoids layoffs, plant closures

FRANKFURT, Germany -- Volkswagen and its employee representatives said Friday they have reached a wage deal for...