KMart Closing All S...
 
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KMart Closing All Stores.  

 

Jumbie
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July 24, 2016 10:15 pm  

The workers claim all stores will be closed but the company denies that all stores will be closed. If the "workers are correct", this is bad news for St Croix.

http://www.businessinsider.com/kmart-employees-say-brand-is-failing-2016-7

Jumbie


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OldTart
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July 24, 2016 11:06 pm  

They announced many closings scheduled stateside for this summer back in April.
http://www.usatoday.com/story/money/business/2016/04/21/list-sears-kmart-stores-closing-across-us/83356912/

I'd be very surprised if the VI stores closed.


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Pammerjo
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July 24, 2016 11:18 pm  

I honestly don't know what STT would do without our KMart. This is one of the few times I actually wish we had a Walmart on the island...


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Scubadoo
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July 25, 2016 12:33 am  

Unprofitable Kmart stores have been closing for years and years in areas where there is too much competition or not enough demand. What I don't know is have there been any new ones opened recently. I can believe they are trying new inventory control strategies to be more profitable. Sounds like what they are doing may be no different than Home Depot which has no stockrooms either. Even Walmart has been closing stores. All of the Walmart Expresses (or whatever they called them which I think were exclusive to North Carolina) have been closed and full size Walmarts have closed as well. Don't think anyone would argue Walmart is going down the tubes.


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rmb2830
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July 25, 2016 1:09 am  

We had issues when Woolworth's closed, before we had Kmart. Losing Kmart would not be great either.


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Alana33
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July 25, 2016 1:22 am  

I'm sure the VI K Marts are more profitable that some of their stateside counterparts.


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Scubadoo
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July 25, 2016 2:14 am  

I'm sure the VI K Marts are more profitable that some of their stateside counterparts.

For sure. I'd further to say if they can't be profitable in the VI then they don't have hope anywhere else. There is a captive customer base with little competition in the VI. Heck, both Kmarts on STX are always busy when I'm there. I probably spend more in the STX Kmarts in one year than 10 in stateside Kmarts and it would be more yet if they had the rest of the stuff I'm looking for. But of course 3 stores does not a national retailer make.


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ms411
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July 25, 2016 4:25 am  

Please bring us a Target if KMart closes.


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Gator's Mom
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July 25, 2016 9:57 am  

I spoke with one of the STX K-Mart managers a while back. She said the VI stores were among the most profitable in the company.


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vicanuck
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July 25, 2016 11:06 am  

I would have to think that the VI Kmart stores would be among the last to close.

Where else would they ship all the leftovers that didn't get sold at other Kmart stores?


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sttanon
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July 25, 2016 12:02 pm  

The VI Kmart's are second only to Guam for profitability in the company as a whole....


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daveb722
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July 25, 2016 12:32 pm  

I worked for Kmart anf was a district manager with them stateside. I closed 3 stores for them around 3001. There will be many factors that would be looked at with lease costs being number 1. I don't know what the sales volume is down here, but they will ultimately look at EBITDA to determine if it's viable to keep the stores open. Eddie Lambert is running the company now and unless the leases Re up or he has someone to take them over, I'm sure they'll stay open as long as they are profitable and seeing that they are basically the only game in tiwn, I'm sure they are doing pretty good. As for target, to expensive for goods and don't see them coming here, especially after they closed up their Canada operations this past year after only a few years there.


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Arizona1
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July 25, 2016 12:56 pm  

Does the STT Kmart have groceries also? Visiting for a week and wanted to pick up a few items for breakfasts. If not, where is the best place to pick up a few breakfast and lunch food items? We are staying near Magen's bay in a house.


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OldTart
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July 25, 2016 1:22 pm  

KMart has a small selection of canned goods, cereals, dairy, etc. but you're much better off stopping at one of the supermarkets for what you're looking for. En route from the airport to Magens/the North side you'll go by two Pueblo supermarkets, one in Crown Bay and one at Mandela Circle in Havensight. Either one will fit the bill.


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speee1dy
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July 25, 2016 1:41 pm  

kmart on stx seems to be cheaper on some grocery items than some of the other grocery stores.


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ms411
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July 25, 2016 1:45 pm  

KMart is frequently out of many grocery items so it's hit or miss.


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daveb722
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July 25, 2016 5:45 pm  

Guess I shouldn't type on my phone before my coffee, surprised the spelling police weren't out. Anyways was in 2001 not 3001. Based on my trip today, they seemed pretty well stocked and I don't think they would be closing as they would start flowing freight into the store, only to be marked down during a closing sale.


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speee1dy
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July 25, 2016 5:49 pm  

hey, i knew what you meant. and i dont really like to pint out others mistakes like some do. damn auto correct and all. and just look at the trouble that one poster had because of the way she worded her question.

just dont think its worth it to belittle someone else like that -usually

Guess I shouldn't type on my phone before my coffee, surprised the spelling police weren't out. Anyways was in 2001 not 3001. Based on my trip today, they seemed pretty well stocked and I don't think they would be closing as they would start flowing freight into the store, only to be marked down during a closing sale.


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OldTart
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July 25, 2016 6:05 pm  

Anyways was in 2001 not 3001.

I just assumed you were a time-traveler and didn't give it a second thought.


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LiquidFluoride
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July 25, 2016 8:06 pm  

Anyways was in 2001 not 3001.

I just assumed you were a time-traveler and didn't give it a second thought.

Damnit, he's not?


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Scubadoo
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July 25, 2016 11:07 pm  

hey, i knew what you meant. and i dont really like to pint out others mistakes like some do. damn auto correct and all. and just look at the trouble that one poster had because of the way she worded her question.

You spelt point wrong.:D


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