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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: KentTrappedInLiberalSeattle

They better announce to the employees soon or they are going to be in a world of hurt with the Labor Dept notification rules/laws!
S


21 posted on 07/23/2016 10:15:24 PM PDT by Noob1999
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To: cherry

K-Mart is the Radio Shack of marts.


22 posted on 07/23/2016 10:16:16 PM PDT by Rome2000 (SMASH THE CPUSA-SIC SEMPER TYRANNIS-CLOSE ALL MOSQUES)
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To: KentTrappedInLiberalSeattle

The Kmart near us is a very sad place. Its like the island of misfit toys after Santa told them to piss-off.


23 posted on 07/23/2016 10:16:19 PM PDT by PGR88
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To: Noob1999
I've been retired for well over a decade, by this point, so am doubtless well and truly out of the loop. ;) What are the current laws regarding such things, if you don't mind my asking...? (I'm genuinely curious, here!)
24 posted on 07/23/2016 10:17:50 PM PDT by KentTrappedInLiberalSeattle (If you can't graciously honor JimRob's wishes, then kindly stay the hell out of JimRob's house.)
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To: Sarah Barracuda
The closest KMart to me always smells like pee when you enter,

That may well be the perfume counter. ;)

25 posted on 07/23/2016 10:20:09 PM PDT by KentTrappedInLiberalSeattle (If you can't graciously honor JimRob's wishes, then kindly stay the hell out of JimRob's house.)
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To: KentTrappedInLiberalSeattle

One of my early jobs many, many years ago was nightwatchman/janitor, locked in all night, pushing a broom, straightening up, swabbing decks and firing up the grill for 3AM lunch at a small town Kmart back east. Nice, decent folks. Worked with a part timer some nights, confess to watching a little extra TV on occasion, and got to know a lot of the customers and other employees from town and locally. Can’t say it was the best job I ever had, but it was the best I could get at the time and it was clean and decent. Not too many stores, or good entry level jobs, like this left.


26 posted on 07/23/2016 10:20:41 PM PDT by jessduntno (The mind of a liberal...deceit, desire for control, greed, contradiction and fueled by hate.)
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To: PGalt

(I shop less than anyone I have ever known.

You are not making any effort to keep up with the Joneses! Shame on you!


27 posted on 07/23/2016 10:21:03 PM PDT by B4Ranch ("The truth will set you free, but first it will piss you off.")
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To: KentTrappedInLiberalSeattle

I know the store here has already shut down. No loss, as far as I was concerned.


28 posted on 07/23/2016 10:23:45 PM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: KentTrappedInLiberalSeattle

And the news source is Yahoo, which is worthless and up for sale. It is being bought by Verizon which sold its ground line business to Frontier. A fine mess....


29 posted on 07/23/2016 10:26:42 PM PDT by Fungi (Make America America again.)
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To: jsanders2001

I agree on Target. I have only been in their store once with my daughter.

I boycotted them after they told the Salvation Army Bell Ringers that they could no longer ring their bells and collect pennies at their stores.

The bathroom fiasco is ridiculous. I wouldn’t even go into the store with my daughter now.


30 posted on 07/23/2016 10:27:32 PM PDT by Salvation ("With God all things are possible." Matthew 19:26)
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To: KentTrappedInLiberalSeattle

Lol..either it’s pee or a messed up sewer either way it smells bad


31 posted on 07/23/2016 10:30:55 PM PDT by Sarah Barracuda
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To: KentTrappedInLiberalSeattle

Well ..... The closest K-Mart to me ..... Isn’t even close. I actually thought they were gone years ago!


32 posted on 07/23/2016 10:32:47 PM PDT by R_Kangel ( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
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To: KentTrappedInLiberalSeattle

I have a friend and sometimes business associate who sells a lot of product to Kmart. We spoke just this past week, and I asked him how they were on payment. He said excellent, but they were watching their aging list like a hawk regardless.


33 posted on 07/23/2016 10:33:39 PM PDT by RegulatorCountry
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To: B4Ranch

My 16 year-old car and threadbare clothes are proof (although I do need to shop some in the near future...my stuff has almost outlived me :)...but like me...it is getting worn out).


34 posted on 07/23/2016 10:39:25 PM PDT by PGalt
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To: KentTrappedInLiberalSeattle

K-Mart owns Sears, too.


35 posted on 07/23/2016 10:42:52 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: KentTrappedInLiberalSeattle
Kmart workers believe all the stores are going to be imminently shut down


36 posted on 07/23/2016 10:53:03 PM PDT by Bobalu (Democrats use guns to shoot the innocent. Republicans use them for self-defense.)
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To: KentTrappedInLiberalSeattle

Does this mean that Sears is also dead?


37 posted on 07/23/2016 10:59:54 PM PDT by matthew fuller (Obama Strategy: Disarm, divide, disrupt, diminish, desecrate, and destroy USA and Christianity.)
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To: Tours
It’s sister stores - SEARS, are not far behind. The current CEO has been a disaster (of course he will walk away with billion$$). When they started making most Craftsman hand tools in China I stopped shopping there.

I was never a particular fan of K mart, but it sad to see Sears trending the same way. I remember the jokes, when they merged, that the combined K mart and Sears, Roebuck and Company would form a single firm called K suck.

38 posted on 07/23/2016 11:02:01 PM PDT by Pilsner
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To: PGalt

I’m like you, a jacket is just getting worn in when it’s ten years old. I’ve got shirts that are forty years old. My daughters wear them more than I do.


39 posted on 07/23/2016 11:03:40 PM PDT by B4Ranch ("The truth will set you free, but first it will piss you off.")
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To: DannyTN

You will get better deals on TVs. If you check model number even though name of TV is same, you will find KMart has the newer offer with better tech specs. For example, Samsung 48 vs Samsung 48. Google serial numbers of models from both stores to see features and specs.


40 posted on 07/23/2016 11:05:24 PM PDT by gunsequalfreedom
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