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LMFAO at Kmart!!!!

A place to talk about any topic on your mind (non-broadcasting related). General conversation.
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Calvert DeForest
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Re: LMFAO at Kmart!!!!

Post by Calvert DeForest » Tue Jan 10, 2017 12:10 pm

ftballfan wrote:Side note: Went to the Kmart on 68th and 131 during their going out of business sale. It was dirty and unkempt with a good chunk of the store being empty. There were security guards stationed at the entrance, probably to keep people from stealing stuff.
When a store goes out of business, the inventory is usually sold to a liquidation company for pennies on the dollar, and they take it from there. At that point, Kmart (or insert retailer name here) is out of the picture. The liquidator hires any remaining employees they need to complete the liquidation and puts them on their payroll. Any security services are also contracted by the liquidator. It's a whole different atmosphere. The liquidator is only concerned with moving product out the door and scoring as much profit as they can before they close up shop. The presentation of the store is really of no concern to them. The only thing "Kmart" about the store during liquidation is the sign on the front.


It's okay to be bored once in a while.

Milk
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Re: LMFAO at Kmart!!!!

Post by Milk » Tue Jan 10, 2017 7:01 pm

Let's not forget the closeout stores like Big Lots that a lot of unsold inventory is sold at for dirt cheap.



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Calvert DeForest
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Re: LMFAO at Kmart!!!!

Post by Calvert DeForest » Thu Jan 12, 2017 9:56 am

And now for something we hope you'll really like:



It's okay to be bored once in a while.

jry
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Re: LMFAO at Kmart!!!!

Post by jry » Mon Jan 16, 2017 1:35 pm

I'll never forget the time we had to sue K Mart for disturbing our business. All of their attorneys show up in really nice suits. One of the things they said is that K Mart is the only store you need. I commented that i didn't know K Mart sold Brooks Brothers suits.



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Calvert DeForest
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Re: LMFAO at Kmart!!!!

Post by Calvert DeForest » Wed Jan 18, 2017 7:27 am

jry wrote:I'll never forget the time we had to sue K Mart for disturbing our business. All of their attorneys show up in really nice suits. One of the things they said is that K Mart is the only store you need. I commented that i didn't know K Mart sold Brooks Brothers suits.
They really said that? Wow! Talk about brass cajones!


It's okay to be bored once in a while.

jry
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Re: LMFAO at Kmart!!!!

Post by jry » Wed Jan 18, 2017 1:19 pm

[quote="Calvert DeForest"][quote="jry"]I'll never forget the time we had to sue K Mart for disturbing our business. All of their attorneys show up in really nice suits. One of the things they said is that K Mart is the only store you need. I commented that i didn't know K Mart sold Brooks Brothers suits.[/quote]

They really said that? Wow! Talk about brass cajones![/quote]

They sure did. This was in 93 or 94. BTW, they quickly settled out of court, even before mediation.



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mtburb
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Re: LMFAO at Kmart!!!!

Post by mtburb » Tue Oct 30, 2018 12:48 pm

Unfortunately, lost in the collapse was news of Sears ultimately declaring bankruptcy on October 15 and the resulting and expected store slashing. In Michigan, Sears stores in Ann Arbor and Lincoln Park and Kmart stores in Charlevoix and Lake Orion are getting axed.

I discussed potential replacements for the Lincoln Park location:
-Walmart is out of the running since they can't build in Lincoln Park again due to getting into disputes with Sears in previous attempts.
-Kroger building a Marketplace store like the one they opened last year in the former Super Kmart on Fort Street in Southgate was taken out of the running once they renovated their existing store right across Southfield Road.
-Meijer is probably still in the running-in fact, I heard rumors that they would be closing their Fairlane Green "The Hill" store in Allen Park (seriously?! They just renovated that two years ago too!) and moving it to the Lincoln Park Sears site while continuing to keep open their existing Dix and Emmons store nearly two miles south.
-Costco could be in the running as well, especially now that they won't be moving in next to the Taylor Menard's-that spot will now be occupied by, yes, BJ's Wholesale Club.


My furthest DTV tropo: KDKA Pittsburgh, Pennsylvania at 202 miles for three days in January 2017 and a night in September 2017 with only an Antennas Direct C2V!

Current setup: Antennas Direct C2Max (2018-present)

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MWmetalhead
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Re: LMFAO at Kmart!!!!

Post by MWmetalhead » Sun Nov 04, 2018 4:36 pm

Great summary, mtburb. Thanks for reposting!

I'm relieved to see at least some of the prior posts in this thread survived the implosion of my database. :)

Regarding Meijer - I had mentioned that Meijer tends to keep its store locations (at least in Michigan) open for decades at a time. As several of us discussed, there are still some Meijer locations of 1970's-vintage in operation in Michigan today. Examples can be found in Ypsilanti, Westnedge Ave. in Portage, Jenison, Plainfield Ave. in Grand Rapids, and probably a number of other locations as well.

We learned (from NS8401 and others) that this mainly due to the fact Meijer owns the real estate of virtually all of its stores. So, it is very economical for Meijer to stay at a given location for an extended duration. In recent years, Meijer has become increasingly ambitious in splitting & selling out parcels to third parties. So, not only does Meijer get to avoid paying rent, it has found a way to turn excess land into an income source.

As for tenants who might be interested in some of Sears former locations, I offered up the following names:
- Von Maur
- At Home
- Burlington
- Forman Mills
- Costco (a name I initially failed to include on my list)
- Flex industrial, office and medical office tenants

Three more names I'd like to add to the list - REI (I think the first two letters stand for "Really Expensive!"), Field & Stream and Art Van.

There could be others. But we have to remember numerous former Carson / Younkers locations are on the block, too! (I presume someone like Dillards or Nordstrom would generally have greater interest in the former Carsons & Younkers locations, but there may be instances where ex-Sears anchor spots would make sense.)

Some of us even pondered if someone such as Whole Foods could have interest in shopping mall space.


Thanks, corporate radio, for finally tossing Nickelback to the curb. Now can you please do the same for Shinedown? THEY SUCK!!!

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mtburb
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Re: LMFAO at Kmart!!!!

Post by mtburb » Thu Nov 08, 2018 9:10 pm

And more closures have been announced:

https://www.usatoday.com/story/money/20 ... 933522002/

The only Michigan closure in this round is the Sears store in Battle Creek.


My furthest DTV tropo: KDKA Pittsburgh, Pennsylvania at 202 miles for three days in January 2017 and a night in September 2017 with only an Antennas Direct C2V!

Current setup: Antennas Direct C2Max (2018-present)

Milk
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Re: LMFAO at Kmart!!!!

Post by Milk » Thu Nov 08, 2018 9:27 pm

When the Sears closes in BC, that mall will be left without an anchor.



NS8401
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Re: LMFAO at Kmart!!!!

Post by NS8401 » Thu Nov 08, 2018 11:31 pm

Do not sell our stuff... return it immediately!:
https://amp.businessinsider.com/sears-s ... ry-2018-11



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MWmetalhead
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Re: LMFAO at Kmart!!!!

Post by MWmetalhead » Fri Nov 09, 2018 7:26 am

I honestly cannot blame the suppliers.

They evidently don't want their inventory sold at liquidation-style prices.


Thanks, corporate radio, for finally tossing Nickelback to the curb. Now can you please do the same for Shinedown? THEY SUCK!!!

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TC Talks
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Re: LMFAO at Kmart!!!!

Post by TC Talks » Fri Nov 09, 2018 8:04 pm

Things didn't work out that way when MC Sports went down. Some of my friends in the ski industry got stung hard.


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ftballfan
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Re: LMFAO at Kmart!!!!

Post by ftballfan » Fri Nov 09, 2018 11:43 pm

Look at all the red on this map showing current and (mostly) past Kmart locations nationwide: https://www.google.com/maps/d/viewer?mi ... 409132&z=4

Note: This map doesn't include locations that relocated or closed prior to the 2002 bankruptcy



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