Monday, September 19, 2016

Kmart, 1962-2017??? (the September 19 edition)

Remember my July post that included employee speculation that Kmart's "path to profitability" was really a path to store closure?

The speculation was that stores would close after the Christmas season.

Well, it turns out that speculation was absolutely and positively wrong, according to Business Insider.

On Friday, Sears Holdings, which owns Sears and Kmart, informed Kmart employees in at least 13 states that their stores would be closing in mid-December....

These stores aren't even staying open through the Christmas shopping season. Not a good sign...
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