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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 ...
Since the early 2000s, Kmart stores have been dwindling. The last full-size Kmart in the U.S., located in Bridgehampton, New York, closes on October 20.
At its peak, 95% of Americans lived within a short drive of a Kmart store. However, the blue light has dimmed over the years as Kmart struggled to keep up with changing times.
The Blue Light Special was a sale promotion within the store for a short period within store hours only. It was advertised using a rotating blue light, in the same style a police car used, and was announced over the store public address system with the phrase "attention Kmart shoppers", a phrase which became a pop culture reference. [43]
The first store to open was Kmart, on May 26, 1983. [3] It was followed by the Peanut Shack and later Eckerd Drug , the latter of which opened July 25, 1983. The mall opened on July 27, 1983, with anchors Kmart, J. C. Penney, and Belk-Simpson for a total of 21 stores, which, plus two soon to open stores, put the mall at 40% occupancy.
He renamed the store Kresge-Newark, expanded it, and started branch stores. The new department store company was completely independent from the S.S. Kresge discount department store company. [ 1 ] By 1924, Kresge was worth approximately $375,000,000 ($3.83 billion in 2009 dollars [ 2 ] ) and owned real estate of the approximate value of ...
Sears Holdings (SHLD) plans to close eight Sears stores and 13 Kmart stores in April and May, laying off hundreds of employees in the process. Kimberly Freely, a spokeswoman for Sears Holdings ...
The first re-branded store was planned to open in 2007, and 40 stores were planned to be made into Coles Superstores, these mostly being former "Super K" stores which had been divided into separate Coles and Kmart stores a decade earlier. By March 2007, the plans for these superstores were deferred pending the sale of Coles Group to Wesfarmers ...