Has K-Mart closed in your area???
#1
Member
Thread Starter
Join Date: Oct 2001
Location: K-PAX
Posts: 56
Likes: 0
Received 0 Likes
on
0 Posts
Has K-Mart closed in your area???
Saw this on Fox News..they apparently stated that some K-Mart stores will be closing permanetly for good ( going out of business). I needed to know for sure so I drove to the one near my home and asked the manager and he stated that his store will be closing in two months.
I'm keeping a close look out on this, I want to know how cheap their DVD's will be priced at.
Has anyone got lucky yet?? let me know, thanks
I'm keeping a close look out on this, I want to know how cheap their DVD's will be priced at.
Has anyone got lucky yet?? let me know, thanks
#2
DVD Talk Ultimate Edition
Join Date: Mar 2000
Posts: 4,531
Likes: 0
Received 0 Likes
on
0 Posts
As this pertains to the financial stability of one retailer and potential bargains over a general DVD discussion... Moving to the Store forum...
- C
- C
Last edited by Adboy151; 01-07-02 at 07:48 AM.
#3
DVD Talk Hall of Fame
none yet in my area but I alos heard the whole chain was probably going Ch 11 protection soon.
#5
DVD Talk Legend
There have already been some Kmart closings in the CHI burbs here, and in the past all the really nice stuff like DVDs and current videogames gets shipped to other, stable stores, or back to the manufacturer. This also includes CDs and any "good" electronics.
Tell you what though, if you were a Jar Jar Binks fan, you could have cleaned up!
Tell you what though, if you were a Jar Jar Binks fan, you could have cleaned up!
#8
Banned
Join Date: Aug 1999
Posts: 2,838
Likes: 0
Received 0 Likes
on
0 Posts
The KMarts in my area have so few dvds as it is that it would be a no-brainer that hey would just ship whatever it is they have left out. They seem to have a pattern of only getting cheap catalog releases and new releases...once they sell out they never get the same ones back in.
I had about $100 in KMart giftcards that I was used up in the last couple of days. If they are lucky they will go chapter 11, which is restructering, they could easily go chapter 13 which means they lock the doors without notice and don't open up again.
E
I had about $100 in KMart giftcards that I was used up in the last couple of days. If they are lucky they will go chapter 11, which is restructering, they could easily go chapter 13 which means they lock the doors without notice and don't open up again.
E
#10
Member
Join Date: May 2001
Location: Charlottesville, VA
Posts: 222
Likes: 0
Received 0 Likes
on
0 Posts
I talked to a manager at my locak K-mart. She said that this K-mart would not be closed. Only other locations that didn't make profits would be closed.
I don't shop at K-mart very often, but I think this is a good news. Too many people have been laid off in this downside of economy. At least, some still have their job.
I don't shop at K-mart very often, but I think this is a good news. Too many people have been laid off in this downside of economy. At least, some still have their job.
#11
DVD Talk Limited Edition
Join Date: May 2000
Location: The Quad-city area of Melonville, Meckling, the Boro of Melon, and Party Town
Posts: 5,667
Likes: 0
Received 0 Likes
on
0 Posts
My wife's uncle is a top exec with a knock-off camera company who manages the placement of their product in all the major stores: K mart, WalMart, Target, and many more. He deals with the inner workings of these companies on a daily basis. In addition to this, the guy is incredibly astute in MANY types of business dealings.
About 18 months ago, we were talking about the state of retail, the internet, yada yada yada. Without my going into boring detail, he said that the way Kmart operates is SO screwed up that he figured they would be out of business in around three years, five years tops. EX: to get an item of his into Walmart, he has to get it cleared by ONE person (two at the most); to get the same item into Kmart, it has to be OKed by so many people he actually lost count. This takes so long and is so confusing, that nothing ever gets done at Kmart......
About 18 months ago, we were talking about the state of retail, the internet, yada yada yada. Without my going into boring detail, he said that the way Kmart operates is SO screwed up that he figured they would be out of business in around three years, five years tops. EX: to get an item of his into Walmart, he has to get it cleared by ONE person (two at the most); to get the same item into Kmart, it has to be OKed by so many people he actually lost count. This takes so long and is so confusing, that nothing ever gets done at Kmart......
#12
Banned
Join Date: Oct 2001
Location: USA
Posts: 6,733
Likes: 0
Received 0 Likes
on
0 Posts
Originally posted by Jobronie
he said that the way Kmart operates is SO screwed up that he figured they would be out of business in around three years, five years tops.
he said that the way Kmart operates is SO screwed up that he figured they would be out of business in around three years, five years tops.
#13
Senior Member
Join Date: Aug 2000
Posts: 621
Likes: 0
Received 0 Likes
on
0 Posts
Originally posted by ssrioon
I talked to a manager at my locak K-mart. She said that this K-mart would not be closed. Only other locations that didn't make profits would be closed.
I don't shop at K-mart very often, but I think this is a good news. Too many people have been laid off in this downside of economy. At least, some still have their job.
I talked to a manager at my locak K-mart. She said that this K-mart would not be closed. Only other locations that didn't make profits would be closed.
I don't shop at K-mart very often, but I think this is a good news. Too many people have been laid off in this downside of economy. At least, some still have their job.
#15
Banned
Join Date: Oct 2001
Location: USA
Posts: 6,733
Likes: 0
Received 0 Likes
on
0 Posts
I'd really hate to see Kmart go. My local WalMart always has lines so long that I pretty much avoid it. Plus I'm upset at all the censorship that goes on at WalMart, ever since they decided that they didn't want to sell Howard Stern's books.
Presumably WalMart will raise prices if Kmart goes under...
Presumably WalMart will raise prices if Kmart goes under...
#18
Senior Member
Join Date: Dec 2001
Location: Milwaukee, WI
Posts: 417
Likes: 0
Received 0 Likes
on
0 Posts
If Kmart does not get it's act together in short order, they will have to file chapter 11. Kmart stock fell to a new 52 week low today in trading ($1.26). Kmart stock will most likely continue to fall tommorow as Kmart Executives continue to not speak to investors.
Martha Stewart can (and most likely will) pull her brands from Kmart if they do file for chapter 11. Martha will not go down with the Kmart ship. Martha now makes up most of Kmart.
From Cnn Money
S&P said that since Monday, two companies, which it did not name, that provide intermediate financing for suppliers "have begun advising their clients to withhold shipments to Kmart.
Kmart in freefall artical from CNN
http://money.cnn.com/2002/01/16/comp...mart/index.htm
Martha Stewart can (and most likely will) pull her brands from Kmart if they do file for chapter 11. Martha will not go down with the Kmart ship. Martha now makes up most of Kmart.
From Cnn Money
S&P said that since Monday, two companies, which it did not name, that provide intermediate financing for suppliers "have begun advising their clients to withhold shipments to Kmart.
Kmart in freefall artical from CNN
http://money.cnn.com/2002/01/16/comp...mart/index.htm
#19
DVD Talk Gold Edition
Join Date: Apr 2001
Location: In the Universe.
Posts: 2,923
Likes: 0
Received 0 Likes
on
0 Posts
They have the worst customer service policy in the world or they keep hiring the dumbest people in the world. One thing I will say is I hate K-Mart. And I say good riddance to bad rubbish. Once their stock goes under a dollar, that will be the end of them. Hopefully.
#20
Banned
Join Date: Sep 2000
Location: Location: Burley,ID USA
Posts: 4,999
Likes: 0
Received 0 Likes
on
0 Posts
The K-Mart here in Vacaville,CA closed here about 5-7 years ago when Wal-Mart came to my city. The only other K-Mart in my area that is still open is in Fairfield,CA(about 8 miles away).It's in bad neighborhood. Their DVD's are locked up ,You can see what titles they have but you have to get someone to open them for you.I'm not sure when this K-Mart will close . I suspect soon. After all there's a Wal-Mart a few miles away that everyone in this city loves to shop at.
#22
DVD Talk Gold Edition
Join Date: May 2001
Location: The Appian Way by way of Birmingham, AL
Posts: 2,171
Likes: 0
Received 0 Likes
on
0 Posts
The astonishing thing about K-Mart is that, no matter how much they've been dominated by WalMart over the past decade or so, they've learned almost nothing from it. That takes talent and an unbelieveably inefficient and stagnant upper management structure. In the end, sheer stupidity is what will have done in K-Mart.
BTW, my local K-Mart (unbelievably, still operating) still has it's DVDs at it's usual uncompetitive prices.
BTW, my local K-Mart (unbelievably, still operating) still has it's DVDs at it's usual uncompetitive prices.
#23
DVD Talk Special Edition
Join Date: Dec 2001
Location: U.S.A.
Posts: 1,439
Likes: 0
Received 0 Likes
on
0 Posts
I'm not crazy about the K-Marts and Wallmarts (and Service Merchandises) of this country but whole chains closing down, as K might, is not good for a recession nor the folks who will lose their jobs and possibly not find ones to replace them
Just remember to KYDJ, if you can.
-Gunshy
Just remember to KYDJ, if you can.
-Gunshy
#24
Senior Member
Join Date: Jun 2001
Location: Burbank, CA
Posts: 711
Likes: 0
Received 0 Likes
on
0 Posts
I see Target as being the dominant retailer in the future. Target stores have a higher profit to cost margin that Wal-Mart due to ther lower overhead. Wal-Mart stores (many of which are open 24 hrs which increases their overhead) has the lowest profit margin of the two due to their lower prices and operating costs.
Althou i used to work at at Target distribution center and i despise their mother company Dayton Hudson, i must say i'm impressed by their corporate infrastructure.
Althou i used to work at at Target distribution center and i despise their mother company Dayton Hudson, i must say i'm impressed by their corporate infrastructure.
#25
DVD Talk Limited Edition
Originally posted by mee2
I see Target as being the dominant retailer in the future. Target stores have a higher profit to cost margin that Wal-Mart due to ther lower overhead. Wal-Mart stores (many of which are open 24 hrs which increases their overhead) has the lowest profit margin of the two due to their lower prices and operating costs.
I see Target as being the dominant retailer in the future. Target stores have a higher profit to cost margin that Wal-Mart due to ther lower overhead. Wal-Mart stores (many of which are open 24 hrs which increases their overhead) has the lowest profit margin of the two due to their lower prices and operating costs.
Know to the topic at hand, yes K-Mart has closed a few stores in this area. I couldn't care less since I don't shop there. As for their DVDs, they are always locked away behind glass, so it's almost impossible to find what you want or see if anything is on sale.