We ought to start a betting pool on which day they file, and whether it's for Chapter 11 or Chapter 7.
1 posted on
01/21/2002 12:57:03 AM PST by
Timesink
To: Timesink
The kick-butt brass at Wal-Mart averages $170,000 of revenue out of each of their employeesDo you mean if I go to work at Wal Mart, I could earn $170,000 a year? </sarcasm>
2 posted on
01/21/2002 1:00:14 AM PST by
xm177e2
To: Timesink
Retail Brick and Mortar is so horrendously overbuilt in this country (US) that Kmart may be the tip of the iceberg. How can Kmart make money when factory outlet stores are reachable on any Saturday by nearly anyone? Walmart has optimized the supply chain. Over 70% of the goods in a Walmart are not paid for by Walmart until you walk out the door. No inventory carrying costs, no capital invested. That is the winning model. Goodbye bluelight specials.
3 posted on
01/21/2002 1:13:04 AM PST by
doosee
To: Timesink
It's not Martha Stewart that brought K-Mart to her knees, but the the abject stupidity of sponsoring Rosie O'Donald. The first day they announced her as a spokesperson was the last day I shopped at K-Mart. Since then, I've driven four miles out of my way to patronize Wal-mart. Now I have some problems with Sam's place but they don't try to undermine the Constitution by supporting dimwits like Rosie. I don't think that I'm alone in this sentiment, and I will take no small measure of satisfaction when the doors close, for I will know that I did my part.
4 posted on
01/21/2002 1:30:05 AM PST by
Wingy
To: Timesink
Wal-Mart has looked at urban markets like these - particularly in the Northeast -
where rental and labor costs are higher, and decided to Hell with that.
I've figured that's why we don't have even one Wal-Mart in the Westside area of
Los Angeles/Santa Monica.
Target tried to put a store in a prime location of Santa Monica a couple years ago...
and got slapped down by the no-growth socialists of the Santa Monica city council.
(I still think it was pretty amazing they did let a "Hooters" restaurant open,
but I suppose it may appeal to the lesbian constituency on the city council!)
5 posted on
01/21/2002 2:22:46 AM PST by
VOA
To: Timesink
A little more dumbass anti-gun postureing oughta put the lid on their box for good. Then they can hire some master financial genius guru type to tell em where they forked-up. (For a sizeable fee, but of course.)
6 posted on
01/21/2002 2:26:04 AM PST by
Waco
To: Timesink
K-Mart deserves all the downside they earned with the promotion of anti-gun Rosie O'Donnell and the PC firing of Fuzzy Zoeller. Any company that has social agendas interfering with the conduct of business deserves such a well-earned fate. No tears for K-Mart here.
7 posted on
01/21/2002 3:13:22 AM PST by
bimbo
To: Timesink
the century-old discount retailing chain itself may be facing collapsethat's why it's called "Kame-Apart"
To: Timesink
I for one would not buy a toilet plunger from K-Mart, even if my toilet was stopped up and I had to drive 50 miles to get to another store.
Let them reap the 'benefits' of their anti-gun stance.
11 posted on
01/21/2002 5:15:26 AM PST by
LibKill
To: Timesink
Because Wal-Mart is so much bigger than Kmart, it buys from suppliers in greater quantities at cheaper prices. My experiences with K-Mart is that they sell low end stuff too. They sacrificed quality to get the prices down.
13 posted on
01/21/2002 5:21:49 AM PST by
pfflier
To: Timesink
IF you want to know why there is not a single Wal-Mart store within 25 miles of Rockefeller Center, while there are two Kmarts right on Manhattan Island and two more directly across the Hudson River in New Jersey, it's because Wal-Mart has looked at urban markets like these - particularly in the Northeast - where rental and labor costs are higher, and decided to Hell with that. Walmart.com - Store Finder Results
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Please note: Our store hours are subject to change. You may want to call ahead to confirm store hours. Then plan your travel time so you'll be sure to arrive during store hours. |
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900 Springfield Road Union, NJ 07083 |
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27.0 miles |
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(908) 624-0644 |
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1 Hour Photo Center, Pharmacy, Vision Center, Gift Registry, Photo Center, Garden Center |
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1601 West Edgar Road Linden, NJ 07036 |
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28.0 miles |
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(908) 474-9055 |
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1 Hour Photo Center, Pharmacy, Gift Registry, Photo Center, Garden Center |
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1123 Jerusalem Avenue Uniondale, NY 11553 |
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34.0 miles |
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(516) 505-1508 |
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1 Hour Photo Center, Pharmacy, Gift Registry, Photo Center, Garden Center |
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250 RT 59 Suffern, NY 10901 |
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40.0 miles |
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(845) 368-4705 |
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1 Hour Photo Center, Pharmacy, Gift Registry, Photo Center, Garden Center |
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1126 Route 9 Old Bridge, NJ 08857 |
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43.0 miles |
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(732) 525-8030 |
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1 Hour Photo Center, Pharmacy, Vision Center, Tire & Lube, Gift Registry, Photo Center, Garden Center |
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The statement is true but don't off go half-cocked thinking New Yorkers are unable to shop at Walmart, and don't think for a minute they wouldn't want to be closer!
To: Timesink
I knew they'd never survive my silent boycott. I started the dreaded silent boycott when I learned that they no longer sold ammo.
To: Timesink
I don't care one way or the other about K-mart but I would love to see Martha Stewart go under. That woman just p*sses me off.
17 posted on
01/21/2002 5:34:16 AM PST by
Ditter
To: Timesink
Remember: This is the same KMart that had gun-grabber Rosie O'Donnel for their "spokesMAN".
KMart IMO, is getting what they deserve. They turned against the Constitution long ago. The KMart by me stopped selling shotguns and ammo while Rosie was their "spokesMAN".
Good riddance, KMart.
To: Timesink
I never understood how Martha Stewart appeals to the immigrants who frequent the K-Mart in NYC. I wish we had a Wal-Mart here instead.
To: Timesink
If this will kill Martha Steward, by all means let everyone boycott Kmart so Martha will die.
To: Timesink
Byron may be right, but his method is like examining each pine needle with a microscope to conclude that there's a forest. Everyone I know knew K-Mart was finished when Rosie was hired.
29 posted on
01/21/2002 6:42:53 AM PST by
Whilom
To: Timesink
Kmart's basic problem is this: its stores are in all the wrong places - the end result of generation upon generation of focusing on lower middle class neighborhoods on the fringes of deteriorating urban markets.
K-marts most fundamental problem is this: its managers and workers are almost universally rude and unpleasant. When they have a choice to appeal to conservatives or liberals (gun sales, Rosie O'Donnell, location choice, demographic appeal in commercials) they nearly invariable appeal to liberals.
I advocated to cease shopping there after their take on guns and ammunition. However, my boycott was subverted by my wife until they treated her as a 2nd class citizen when she attempted to return equipment that was faulty at the store, and when she pointed out clearly damaged goods on the shelves that were being sold to the ignorant.
I do feel bad for jobs of people who do not fit the K-Mart mold (pun intended) who will suffer from the removal of this blot in America's merchandising, but it has to be done.
To: Timesink
"K-Mart sucks."
~Raymond Babbitt, Rain Man
To: Timesink
There must be an echo in here ...
From today's Wall Street Journal (registration may be required):
Kmart, Regulators Launch Probe into Retailer's Accounting Practices
TROY, Mich. -- Kmart Corp. said Friday that it has begun an investigation after receiving an anonymous letter claiming to be from employees that expressed concern about unspecified accounting matters.
The U.S.'s third-biggest discount retailer, which filed for bankruptcy protection earlier this week, said that it contacted the Securities and Exchange Commission and its own investigation team about the letter and that it is cooperating with the regulatory agency.
The disclosure comes amid heightened sensitivity about accounting issues in the wake of the collapse of the energy trader Enron Corp.
I eagerly await the Daschle-Waxman-Bonior inquisition into Kmart. :-)
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