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Author Topic: More Kmart stores closing  (Read 67642 times)

Revive 755

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Re: More Kmart stores closing
« Reply #850 on: December 05, 2018, 10:05:18 PM »

How do Ace Hardware or True Value survive?

I think they are a little more specialized in some areas, such as screws and nails, compared to the bigger stores.


The following article has a list of the Shopko stores closing:  https://www.valleynewslive.com/content/news/Shopko-closing-39-stores-including-4-North-Dakota-and-2-Minnesota-locations-502006351.html 
« Last Edit: December 05, 2018, 10:11:02 PM by Revive 755 »
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bing101

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Scott5114

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Re: More Kmart stores closing
« Reply #852 on: December 19, 2018, 03:37:22 PM »

How do Ace Hardware or True Value survive?

I think they are a little more specialized in some areas, such as screws and nails, compared to the bigger stores.

Ace is also more like IGA or most hotel chains, where Aces are independently-run businesses that carry the Ace flag. That means you tend to see Aces in markets that are too small for Lowe's or Home Depot to bother with.
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US71

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Re: More Kmart stores closing
« Reply #853 on: December 24, 2018, 09:22:40 AM »

How do Ace Hardware or True Value survive?

I think they are a little more specialized in some areas, such as screws and nails, compared to the bigger stores.

Ace is also more like IGA or most hotel chains, where Aces are independently-run businesses that carry the Ace flag. That means you tend to see Aces in markets that are too small for Lowe's or Home Depot to bother with.

We have two Ace Hardwares here plus Lowes and Home Depot.  Ace is closer to downtown, Lowes and Depot are on the east end, about 3 miles apart from each other.
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Big John

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Re: More Kmart stores closing
« Reply #854 on: January 09, 2019, 10:14:43 PM »

Shopko is expected to file for bankruptcy next week after failing to pay a pharmaceutical provider.
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DaBigE

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Re: More Kmart stores closing
« Reply #855 on: January 10, 2019, 01:37:52 PM »

Shopko is expected to file for bankruptcy next week after failing to pay a pharmaceutical provider.

$67M+ owed. I'm not surprised. A few weeks before, they announced they were selling many of their pharmacies off, many/most to Hyvee. Shopko's stores (other than their flagship in Green Bay), are far from what they used to be. I equate them now to a higher-priced Kmart. Their smaller-format 'Hometown' stores are basically a higher-end dollar store in size and selection, with online ordering/in-store pickup.
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rawmustard

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Re: More Kmart stores closing
« Reply #856 on: January 16, 2019, 03:22:04 PM »

Shopko is expected to file for bankruptcy next week after failing to pay a pharmaceutical provider.

Bankruptcy was filed today; 105 stores listed to close including the original location.

And now the landlord filed a motion to have ShopKo liquidate, as an auction for pharmacy assets fell short of expectations.
« Last Edit: January 28, 2019, 03:20:08 PM by rawmustard »
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Big John

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Re: More Kmart stores closing
« Reply #857 on: February 06, 2019, 10:03:23 PM »

Shopko adds 139 store closings to make to 250.  https://fox11online.com/news/business/more-shopko-closings-listed
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DaBigE

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Re: More Kmart stores closing
« Reply #858 on: February 06, 2019, 10:31:56 PM »

Shopko adds 139 store closings to make to 250.  https://fox11online.com/news/business/more-shopko-closings-listed

Now they're closing all of them in the Madison metro area...even their new-ish Hometown store in Columbus. Not a single one will survive in Dane County. Yet, Sears East Towne remains  :hmmm:
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thenetwork

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Re: More Kmart stores closing
« Reply #859 on: February 22, 2019, 02:55:48 PM »

In an odd twist to the demise of our Sears store at Mesa Mall in Grand Junction, CO (closed 12/18) , it was just announced that the mall will be tearing down the old Sears store and building a (I assume a slightly larger) Dillard's in it's place.

Still have the former Herberger's/Bon Ton and Sports Authority anchor stores still empty...
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Big John

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Re: More Kmart stores closing
« Reply #860 on: March 18, 2019, 04:26:27 PM »

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Brandon

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Re: More Kmart stores closing
« Reply #861 on: March 18, 2019, 05:14:20 PM »

Shopko to close all remaining stores: https://fox11online.com/news/local/shopko-closing-all-remaining-stores

A shame, but they couldn't compete with Walmart or Target, and with Meijer entering their home territory, I guess it was a matter of time.
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Re: More Kmart stores closing
« Reply #862 on: March 18, 2019, 07:35:28 PM »

Beat me to it.  Looks like I'll be getting glasses elsewhere from here.
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