Sunday, July 24, 2016

IS KRAPMART ABOUT TO CLOSE DOWN?

By Bob Walsh

It seems that a lot of the store-level employees of K-Mart, a division of Sears Holding, seem to believe that K-Mart is about to go belly-up.

Many of their stores are totally cleaning out their stockrooms. Everything is going out on the floor. Management positions which are vacant are not being filled. About 1/3 of their stores have closed down recently.

Management says that the clearing out of back room stock is merely an inventory control mechanism and is not indicative of a prepared liquidation. Who knows, it might even be true.

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