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Author Topic: More Kmart stores closing  (Read 76015 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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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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SP Cook

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Re: More Kmart stores closing
« Reply #863 on: August 07, 2019, 10:42:43 AM »

Sears first post-bankruptcy closure list - late October :

Brimingham, AL
Antioch, CA
Littleton, CO
Vero Beach, CA
Sebring, FL
Athens, GA
Bloomingdale, IL
Merrillville, IN
Mishawaka, IN
Baltimore, MD
Portage, MI
Independence, MO
St. Peters, MO
Cape Giradeau, MO
Mansfield, OH
Hurst, TX
Texas City, TX
Roanoke, VA
Spokane, WA
Barboursville, WV

Redlands, CA K-Mart
Hot Springs, CA K-Mart
Palmer, MA K-Mart
Jamestown, NY K-Mart
Guayama, PR K-Mart

The Huntington Mall closure ends the corporation's presence in WV.  And it owns the store, meaning all it had to do was pay the electric bill and the employees, no rent.  And it still can't make money.
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jeffandnicole

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Re: More Kmart stores closing
« Reply #864 on: August 07, 2019, 11:29:44 AM »

...
The Huntington Mall closure ends the corporation's presence in WV.  And it owns the store, meaning all it had to do was pay the electric bill and the employees, no rent.  And it still can't make money.

Maybe because they didn't have running water since apparently they didn't have a water bill?
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rawmustard

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Re: More Kmart stores closing
« Reply #865 on: August 07, 2019, 11:58:43 AM »

Sears first post-bankruptcy closure list - late October :
...


The Sears store in Saginaw, MI, is also on the list, and it should be Vero Beach, FL. Of course the mantra is there could be more coming. In the release, the new company (Transformco or however it's spelt) even said the focus now would be on the Sears Hometown stores the company is reacquiring.
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Life in Paradise

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Re: More Kmart stores closing
« Reply #866 on: August 07, 2019, 01:27:39 PM »

...
The Huntington Mall closure ends the corporation's presence in WV.  And it owns the store, meaning all it had to do was pay the electric bill and the employees, no rent.  And it still can't make money.

Maybe because they didn't have running water since apparently they didn't have a water bill?
You can't guarantee that the store wasn't making money.  The Evansville, IN Sears store was still making the company money when they closed it.  It goes back to Eddie's master plan, which probably doesn't include anyone else but him.
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Re: More Kmart stores closing
« Reply #867 on: August 07, 2019, 03:26:36 PM »

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jp the roadgeek

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Re: More Kmart stores closing
« Reply #868 on: August 08, 2019, 01:27:10 AM »

Well, that leaves 12 Kmart locations in all of New England.  RI and VT have long since been donezo.

CT: Watertown (the dinosaur that refuses to die)
MA: Acton, Billerica, Brockton, Holyoke, Hyannis, Webster
ME: Auburn, Augusta
NH: Hooksett, Salem, West Lebanon
« Last Edit: August 08, 2019, 10:12:38 AM by jp the roadgeek »
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jeffandnicole

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Re: More Kmart stores closing
« Reply #869 on: August 08, 2019, 06:07:05 AM »

...
The Huntington Mall closure ends the corporation's presence in WV.  And it owns the store, meaning all it had to do was pay the electric bill and the employees, no rent.  And it still can't make money.

Maybe because they didn't have running water since apparently they didn't have a water bill?
You can't guarantee that the store wasn't making money.  The Evansville, IN Sears store was still making the company money when they closed it.  It goes back to Eddie's master plan, which probably doesn't include anyone else but him.

And that's what I suspect.  They're closing stores systematically.  I'm sure some were money losers, but by this point they've probably all been closed...remember, closures have been going on for several years now.   Now they're closing existing stores that probably were making money.  And the point I tried making to SP above...there's a hell more to a building and store's expenses than electric and payroll.  Way more.
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Flint1979

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Re: More Kmart stores closing
« Reply #870 on: August 08, 2019, 08:47:27 AM »

The Sears in Saginaw finally got on the list of closings. The Sears in Fashion Square Mall is closing and it doesn't really surprise me as last week I glanced into the malls parking lot and saw one side of Sears totally voided of any parked cars, 4 cars on the north side and a few on the east side. That property most likely won't sit vacant for long as it's on prime property. Macy's in the same mall might be close to closing too they often close before the mall does.
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Re: More Kmart stores closing
« Reply #871 on: August 08, 2019, 08:47:59 AM »

Chicago Ridge Sears survives the cut again
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SectorZ

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Re: More Kmart stores closing
« Reply #872 on: August 08, 2019, 03:48:12 PM »

Well, that leaves 12 Kmart locations in all of New England.  RI and VT have long since been donezo.

CT: Watertown (the dinosaur that refuses to die)
MA: Acton, Billerica, Brockton, Holyoke, Hyannis, Webster
ME: Auburn, Augusta
NH: Hooksett, Salem, West Lebanon

I'm only a few miles from the Billerica one. How it has survived for even the past 20 years astounds me. A much nicer one on the Tewksbury/Lowell line closed years ago and that thing opened in 1993. The Billerica one has survived the Billerica Mall dying around it.

Also, the Acton one has this rather strange "shrunken head" sign for its location, and its not due to a local sign ordinance so no one knows why it's so tiny, https://www.google.com/maps/@42.4738435,-71.4556293,3a,75y,318.62h,96.5t/data=!3m7!1e1!3m5!1sn3_Z2RRz9ibHhDFB0CJpLg!2e0!6s%2F%2Fgeo2.ggpht.com%2Fcbk%3Fpanoid%3Dn3_Z2RRz9ibHhDFB0CJpLg%26output%3Dthumbnail%26cb_client%3Dmaps_sv.tactile.gps%26thumb%3D2%26w%3D203%26h%3D100%26yaw%3D47.863426%26pitch%3D0%26thumbfov%3D100!7i13312!8i6656
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Re: More Kmart stores closing
« Reply #873 on: August 08, 2019, 09:41:52 PM »

I wouldn't be surprised if some of the closing Sears in decent areas already have a replacement in line (a la Woodland Mall)
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RobbieL2415

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Re: More Kmart stores closing
« Reply #874 on: August 18, 2019, 10:58:56 AM »

Well, that leaves 12 Kmart locations in all of New England.  RI and VT have long since been donezo.

CT: Watertown (the dinosaur that refuses to die)
MA: Acton, Billerica, Brockton, Holyoke, Hyannis, Webster
ME: Auburn, Augusta
NH: Hooksett, Salem, West Lebanon
VT had the Bennington store as late as 2018.

The Watertown store will probably be one of the last to close since it isn't anywhere near a Walmart.
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