we keep hearing that Kmart is going to close with no proof. They keep claiming that Kmart will be liquidated with zero proof! Kmart is awesome and I'm still hopeful that we will see a Kmart revival. They claimed that Kmart wasn't present and they were proved wrong, they claimed that Kmart was more expensive and they were proved wrong, now they claim that Kmart is going away and I hope that they are proved wrong. Kmart means so much to so many. I'm not sure why these people are so gleeful at Kmart employees losing their jobs or customers losing their favorited store, but it's sick!!
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There is also a guy on YouTube who goes into Sears/Kmart and looks around and he has items from the early 2000's on his videos.
They have the MP3 products on line. Just look it up.
Oh stop exaggerating. I guarantee you have nothing from the 90s/ early 2000s. Get a grip
I have been at two stores that closed and they do raise prices to full retail and then do the markdowns every week. So if today something is selling for $5 they will jack up the price to full retail say $10 and put a markdown price of 25% off. This will make the price $7.50 which is still more than the price it is selling at today. Happens every time, with every liquidation.
My question is: In the financials is the inventory value/cost at the retail price, the selling price or the cost of purchase. I ask because of all the stuff we had in our store that was years, sometimes a decade, old that never sold. We still had some off brand MP3 music players that were selling for $49.99 from the late 90's or early 2000's on the shelf.
Regarding Kmart stores in liquidation, it is the company who inflates the original pricing in the 60 days prior to liquidation. Pricing downloads to the store each week include price increases for all departments except apparel and footwear. A $2.19 roll of house brand aluminum foil will be $4.59 by the time the liquidator takes over the store. This practice has been going on for every store since the 2004 bankruptcy.
Every store that liquidates does that. They mark up the inventory to full retail price ( even if it never was sold at that price) and then do the markdowns. Consumers are lemmings that flock to a closing sale and pay the inflated price. You can find bargains if you are careful and know what general sale prices run for the product.
This is from the same person who posted there would be no more store closings. Corporate must have a new PR department on this board.
As long as Kmart is still around, I’ll continue p--ping in their bathrooms. My only wish is that the bathrooms are moved closer to the front of the store.
After all, is nothing more than a porta potty.
Sorry moron but this is one company and posts can be on both layoffs..Jerk
Get off unemployment, take your a-- offline, and YOU go work for Kmart... and stfu.
Damn, take the Kmart sh-- to the Kmart board. This is Sears.
O.P.-- I thought the same thing until my store(which was #2 in the district) closed. I transfered to another Kmart a half hour away and within 9 months that one closed also. The nearest Kmart to me now is over 4 hours away.
I have kept in touch with some of the people that moved on in the company, some of them at HE and the plan is to not renew leases and to close more stores until the brand goes away. I estimate 12-18 months at the most.
Kmart is NOT present. Kmart is MORE EXPENSIVE. When my local Kmart liquidated at 50% to 70% off they were still as expensive or more expensive than other options.
I don't think people are hoping Kmart and Sears associates lose their jobs..... People don't want Sears and Kmart to fail. Reasonable people must certainly see though that it's just too late to make the situation different. Even if all the stores were remodeled and good inventory was brought in and they had a few good quarters a downturn in the economy again would put SHLD right back in hot water....it's just too far gone. The trust and faith of the American people is gone and the opinion of SHLD is that it has already failed or is about to.