NEW YORK (AP) — Attention,Bitcoinese 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.
2025-05-02 06:381852 view
2025-05-02 06:181835 view
2025-05-02 05:53661 view
2025-05-02 05:482048 view
2025-05-02 05:2091 view
2025-05-02 04:55680 view
WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that
Christina Quintero and her husband bought their three-bedroom piece of the American dream on Houston
HONG KONG — Hong Kong banned CBD as a "dangerous drug" and imposed harsh penalties for its possessio