Enough with the Kmart crap. Most everyone that has an opinion neglects to realize or mention that Kmart has been in the pits for the last three decades, and only continues to fall. More importantly, news of a Kmart closure is a misnomer, because it isnt news at all.
Kmart began and regularly had closures under Joesph Antonni, Floyd Hall, Chuck Conaway, Mark Schwartz, and finally Eddie Lampert. The last new store opened 16 years ago, that is the sign of not a dying retailer, a DEAD one.
The Island stores mentioned (and often endeared heavily by corprate, management, and brain washed Kmart lovers alike) never fully recovered post Hurricane Maria. The stores in St. Croix especially suffered the brute of the damage and were never fully restored to what they were before, and even pre Hurricane the structure fared horrible under the seasonal rain. Delapitated rat infested crap holes.
Given time, competition will beat Kmart with little effort and capitalize market share, even in regions where Kmart has established majority. Evidenced by Kmarts exit of Alaska in 2002, only 9 years after the Kmart opened, and most recently Kmart closings in the islands of Hawaii.
If the Island stores were as lucrative as mentioned there would have been a greater emphasis on continual expansion into the Caribbean after emerging bankruptcy. It would never materialize because it was a large waste of resources and highlighted the kind of wasteful spending that landed them in Chapter 11, and should have brought Kmart to demise.
Just because you are the only game in town doesn’t make you successful, it just means people have no choice because they can’t get what they need elsewhere. If Kmart Guam had some competition they would be done for.
It's the cherry on top of a s__t Sundae
the Guam store is not the most successful store of its type in the world. It is simply the most successful Kmart
several of those successful stores in Puerto Rico never reopened
"The Kmart in Guam is the most successful retail store of its type in the world. The Puerto Rico and other island stores do extremely well also."
That's because there is no competition for those stores. You can't seriously compare those Kmarts to those where it matters more, which is in the US.
You have it wrong. The other Kmart guy might be a little over the top but you are way out of line.
The Kmart in Guam is the most successful retail store of its type in the world. The Puerto Rico and other island stores do extremely well also.