Kmart parent-company Sears Holdings reported on Thursday that revenues for the company decreased $1.5 billion to $5.8 billion for the third quarter ended Oct. 31. At Kmart, comp-store sales were down 7.5% for the quarter.
First introduced in 1965, along with such classics as the "Sound of Music" and "A Charlie Brown Christmas," the Bluelight Special was the original flash sale that “made shopping fun,” a spokesperson for Kmart said.
Within the toothpaste category, Colgate Total and Crest 3D White were the two brands from their respective manufacturers that displayed the highest sales, and they both displayed higher units sold on promotion (28%).
Kmart has paid the U.S. government $1.4 million to resolve allegations that it improperly used drug manufacturer coupons and gasoline discounts to reduce pharmacy costs for Medicare patients at Kmart pharmacies.