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More Bad News for Sears/Kmart  

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vicanuck
(@vicanuck)
Noble Member

It appears that Sears unit in Canada is about to collapse and probably won't make it to the end of the year.

We already know the US Sears and Kmart stores are in just as bad shape.

http://business.financialpost.com/news/sears-canada-raises-doubts-about-its-ability-to-continue-as-cash-crunch-worsens

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Posted : June 13, 2017 5:12 pm
speee1dy
(@speee1dy)
Islander

sign, it seems to be the way for a lot of brick and mortar stores these days.

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Posted : June 14, 2017 10:51 am
Scubadoo
(@Scubadoo)
Noble Member

But not all. HHGregg closed recently. A few months before that another chain store looking similar and selling the same sort of stuff opened in our area in the states.

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Posted : June 14, 2017 11:01 am
singlefin
(@singlefin)
Prominent Member

Hopefully Walmart moves in quickly. Considering their huge presence in Puerto Rico, an expansion into the USVI seems like a no-brainer. Especially since our Kmart was one of only a few in the entire country that still made a profit.

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Posted : June 14, 2017 11:49 am
speee1dy
(@speee1dy)
Islander

not walmart, their clothes quality isnt that good

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Posted : June 14, 2017 2:21 pm
singlefin
(@singlefin)
Prominent Member

I just hope some other big chain moves in.
It's the only big chain store we've got.

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Posted : June 14, 2017 7:20 pm
vicanuck
(@vicanuck)
Noble Member

And the Little Caesars...I'd miss that more than the Kmart!

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Posted : June 14, 2017 8:09 pm
Scubadoo
(@Scubadoo)
Noble Member

All of the Walmart stores in the states seem to be made in the same mold. Stand alone building, outside walls, inside ceiling heights, store layout, even the cart corals. I don't know about PR. They may not wish to physically move into the same old building as either Kmart. Would be interesting to see if they would invest in building a new building to their mold.

Target may be another option. Their buildings have their own mold as well but lots of them in shared buildings like our Kmarts.

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Posted : June 15, 2017 1:46 am
JohnnyU
(@JohnnyU)
Reputable Member

Walmart has multiple molds from 2 story super centers to their express/neighbothoid market. Ditto Target.

Both view Amazon as their competition, not each other and are throwing a lot of money in that direction.

Best case is WM takes over the KM @ Sunny Isle and installs a neighborhood market. Mapp will screw that oppertunity

Target would sooner go back into Canada Vs move into the Caribbean

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Posted : June 15, 2017 3:38 am
Pammerjo
(@Pammerjo)
Estimable Member

I'd be down with a Walmart.

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Posted : June 22, 2017 7:15 am
Scubadoo
(@Scubadoo)
Noble Member

Sears will close another 20 stores this year across 14 states

The closing locations include two Kmart and 18 Sears stores.
But not in VI yet.

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Posted : June 24, 2017 11:12 pm
Gumbo
(@Gumbo)
Reputable Member

Everything in Kmart (tutu park mall) is 10% off. The lady working in the electronics department said the store is closing.
Hope Not, but it doesnt look good.

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Posted : June 25, 2017 1:31 am
speee1dy
(@speee1dy)
Islander

i hope not too

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Posted : June 25, 2017 12:18 pm
Exit Zero
(@exit-zero)
Noble Member

maybe Woolworths will be resurrected ?

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Posted : June 26, 2017 12:37 am
Scubadoo
(@Scubadoo)
Noble Member

and Gimbels

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Posted : June 26, 2017 1:46 am
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