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Kmart workers believe all the stores are going to be imminently shut down
Yahoo! Finance ^ | 07/23/2016 | Hayley Peterson

Posted on 07/23/2016 9:45:09 PM PDT by KentTrappedInLiberalSeattle

Kmart employees believe the company is nearing bankruptcy and is in the process of shutting down all its stores.

The chain has closed one-third of its stores in the last decade, and sales have been cut in half in the same time period.

Store-level employees who spoke to Business Insider said many of the remaining 941 Kmart stores now appear to be in the midst of liquidation.

Stores are being entered into numbered phases — such as Phase 1 and Phase 2 — employees said.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Extended News; Miscellaneous; News/Current Events
KEYWORDS: businessinsider; finance; kmart; retail
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To: smith5460

The one in Knoxville TN on Broadway is closing as well. (Going out of business sale - not much left) - should be closed by next week I think.

The Maynardville Highway one is still open.


61 posted on 07/24/2016 4:28:39 AM PDT by scrabblehack
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To: rdl6989

Amazon, Home Depot, an actual supermarket, even the local dollar store—almost anything is better than having to cross the threshold to the atmosphere and customer service of a Walmart or another of this type of store.


62 posted on 07/24/2016 4:28:41 AM PDT by 9YearLurker
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To: Tours
When they started making most Craftsman hand tools in China

Suicide move right there. That's when I stepped off too. It's sad to see Sears go. They had Craftsman tools, which was the every guy brand and they have an unrivaled parts supply. You can buy a part for darn near any consumer machine or gadget made in the last 25 years from Sears if you can provide them any information at all. We bought a Kenmore washer and dryer recently for the express reason that I can buy a part from Sears and fix my machine myself.

63 posted on 07/24/2016 4:37:39 AM PDT by IamConservative (Hillary walks while 100's of teens get prosecuted for mishandling Miley Cyrus MP3's..)
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To: gunsequalfreedom

Other way around in the 2 in my driving distance. 1 is in a bad area you need a gun to go into, the other a 2 hr round trip, with a ugh Target just a couple of blocks away, which is just as high priced.

What will this do to Sears. The one closest to me has closed, in fact all the anchor stores moved out of the small strip mall because of crime. It looks like a ghost town, with a few niche 20’ish stores that see little business.

What’s up with the Hancock’s closings? Both of ours are.


64 posted on 07/24/2016 4:45:02 AM PDT by GailA (If politicians won't keep their promises to the Military, they won't keep them to you!)
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To: KentTrappedInLiberalSeattle

I do not want to see Kmart or Sears slide down the tubes, but both of their past policies have caused me to just stay away.

Kmart with their gun policy, and our stores for a while purposely told their employees not to help customers. I was so ticked one day when a sales lady ran away from me I just tracked her down and asked her why she did that. She said it was store policy, that if a customer has to look for something, they will find and buy something else.

Don’t get me going on Sears.


65 posted on 07/24/2016 4:46:29 AM PDT by redfreedom
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To: B4Ranch

“I’ve got shirts that are forty years old.”

:) My longest (a summer short-sleeve, button front) made it 19 years. I bought it in Boca Raton, Florida. I threw it away (holes) last year.

Good job on the clothes, B4Ranch.


66 posted on 07/24/2016 4:58:42 AM PDT by PGalt
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To: lee martell

No one is taking in the price factor, Kmart is equal to Transgender Central Target, which is higher than Walmart for the same chinese poorly made crap.

I can shop the Navy Exchange...all high priced chinese made junk. 1 Vera Wang cloth wallet $200 BUCKS. Noting cheap there but shoe polish and laces.

Macy and Dillard’s are the same to high priced for the chinese made crap. ALL geared to the under 25 age groups. Seniors are out of luck unless all they want are T’s, jeans and maybe sleep or under clothes. Forget shoes if you wear a 5 and want flats or low heels.

Hancock’s fabric is going into bankruptcy and closing 185 stores.


67 posted on 07/24/2016 5:03:15 AM PDT by GailA (If politicians won't keep their promises to the Military, they won't keep them to you!)
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To: Fai Mao

Lived on Saipan and Guam after WW II (1948 - 1950). Only kmart ( :) ) we had on Saipan then was the Navy supply ship that showed up periodically with powdered milk and other delicacies. Would love to visit there again. Now in SE US after 31 year fling in Silicon Valley.


68 posted on 07/24/2016 5:21:39 AM PDT by bytesmith
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To: jsanders2001
That hope and change isn’t working out too well is it?

The "change" part worked out pretty well. We definitely got some of that.

69 posted on 07/24/2016 5:26:05 AM PDT by Drew68
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To: KentTrappedInLiberalSeattle
The one in Hazleton is a dump. I would like to see a Marshall's open in their spot.
70 posted on 07/24/2016 5:27:13 AM PDT by angcat (TRUMP!)
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To: Drew68

We got a bellyfull of “change”. All of it bad.


71 posted on 07/24/2016 5:27:14 AM PDT by sport
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To: KentTrappedInLiberalSeattle

Kmart’s still in business?????


72 posted on 07/24/2016 5:41:54 AM PDT by ontap
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To: KentTrappedInLiberalSeattle

Our local (western Wisconsin) KMart has a Soviet Block Eastern European feel to it. The lighting gives off a grey appearance and it just looks run down. Our local Sear store is quickly trending in the same direction.

My guess is that Sears will soon transition to an appliance and tool store.


73 posted on 07/24/2016 6:10:05 AM PDT by Senator_Blutarski
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To: KentTrappedInLiberalSeattle

What do you expect from a chain that stocks its shelves from Wal-Mart’s dumpsters?


74 posted on 07/24/2016 6:17:28 AM PDT by IronJack
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To: Fai Mao

So they don’t have a Wallyworld or a Costco on Guam?


75 posted on 07/24/2016 6:45:49 AM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: Salvation

My wife and I were loyal Chefs Cataloge customers. When we found out they were being closed, after having been bought out by Target two years previously, I it was when I became an activities to close down that immoral and Anti-American company.

Target can rot in Hell!


76 posted on 07/24/2016 6:59:17 AM PDT by Redleg Duke (Remember...after the primaries, we better still be on the same team!)
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To: KentTrappedInLiberalSeattle

I suspect we are about to see a new wave of bankruptcies. Hastings Entertainment just went Chapter 11 last month. Bank of America, its primary creditor, immediately moved to sell off all its assets.


77 posted on 07/24/2016 7:21:20 AM PDT by yefragetuwrabrumuy ("Don't compare me to the almighty, compare me to the alternative." -Obama, 09-24-11)
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To: rdl6989

Same here. I have a Kmart and a Walmart about the same distance from my house. I go to Kmart because its easy in easy out.


78 posted on 07/24/2016 7:35:22 AM PDT by sheana
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To: GailA

Hancock went bankrupt. All of their stores closed, nationwide.


79 posted on 07/24/2016 10:20:12 AM PDT by riverdawg
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To: IamConservative

Kenmore used to be Whirlpool, but since 2008 it is a Korean company.


80 posted on 07/24/2016 10:50:37 AM PDT by bIlluminati (Who is Horatio Bunce?)
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