Kmart and Sears were both bought up by Eddie Lampert. He had the brilliant idea that if he slapped two sick companies together he could make one healthy company. No. Wrong. Fail. He really should have just wound up both. K-mart was worth a lot of money since they owned their real estate which was in urban locations. The actual retail operation was worthless. Sears too has long been broken.
Eddie has lost a lot of money by letting these two zombies limp along for the past 15 years.
One K-Mart up the road just closed. he area was mostly middle-class and not too bad, 20-25 years ago.
I was in there about 15 months ago. It was almost like a small riot in there. Suffice to say, things changed.
It wouldn’t surprise me if the theft was 15% of what the daily sales were.
They had one car item I wanted. Might should have made one more trip to see if it was on sale, LOL.
In riot gear, of course.