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.
A one-time gain of $2.7 billion from the creation of its publicly-traded Seritage Growth Properties real estate investment trust (REIT) pushed Kmart's parent company, Sears Holdings, into the black for the first time since 2012.
Kmart parent company Sears Holdings Corp. is expecting to announce some rare good news about profits thanks to a real estate spinoff when it reports its second quarter results on Aug. 20. But the news will be tempered by dismal sales results.