PanAm747
Topic Author
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Kmart Going Out Of Business?

Sat Dec 15, 2001 4:40 pm

Wow, a stock price of only about $5!

http://www.msnbc.com/news/672916.asp
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Confuscius
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Joined: Wed Aug 29, 2001 12:29 am

RE: Kmart Going Out Of Business?

Sat Dec 15, 2001 4:43 pm

...stock price of only about $5!

Talk about a Blue Light special!
Ain't I a stinker?
 
b757300
Posts: 3914
Joined: Fri Dec 15, 2000 10:27 pm

RE: Kmart Going Out Of Business?

Sat Dec 15, 2001 4:47 pm

I think a few years ago it was down near the Enron level. Smile/happy/getting dizzy
"There is no victory at bargain basement prices."
 
AS737900
Posts: 330
Joined: Mon Oct 30, 2000 1:11 am

RE: Kmart Going Out Of Business?

Sat Dec 15, 2001 5:12 pm

Don't say such horrible things! Kmart recently renovated its 2 Anchorage stores to Kmart Super Centers, and they seem to have vastly improved all aspects of the store with those renovations. Kmart has gone from the store that I avoided to the store I always go to.  Smile
 
Minuteman
Posts: 260
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RE: Kmart Going Out Of Business?

Sat Dec 15, 2001 6:34 pm

So long you no ammo-selling chumps...
 
AirT85
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RE: Kmart Going Out Of Business?

Sat Dec 15, 2001 11:48 pm

I must say, i for one am saddened, and glad that they mary be going under. Its horrible that people who depend on this store to make a living will beout of a job, but the KMart down the road has NEVER had its act together. IT is falling apart left and right, and apparently it never has the sales printed in the advertisments, and if ti does, they dont start at the same time all the OTHER Kmart's start. Its a retarded store which i WONT be missing. Long Live Wal*Mart!!
Why would God make us all so different, if He wanted us to be the same?
 
Guest

RE: Kmart Going Out Of Business?

Sun Dec 16, 2001 12:55 am

Business Week ran a good article (link) last year about the problems at Kmart. It included:

Unlike Wal-Mart's highly efficient distribution system, Kmart's is outdated, full of bottlenecks. And those inefficiencies resonate throughout the company. Merchandise planners can't get a good handle on what's selling, leaving Kmart with too many items on clearance racks and not enough of what shoppers want. Meanwhile, store clerks are tied up with paperwork in the back room instead of waiting on customers.

It looks as though complacency had set in, resulting in the company losing its opportunity to be a market leader in terms of anything. In any commercial industry, especially retail, complacency slowly kills.

 
Guest

RE: Kmart Going Out Of Business?

Sun Dec 16, 2001 1:30 am

Kmart doesn't have its act together, I know, I worked there, and it's not a good place to work for. Very inefficient, and customer service isn't even important. I gave my all to make sure the customers were happy when they left the store, and they told me NOT to associate with the customers, just "Get 'em in, and get 'em out."

I quit, that's bullshit. The customer is #1, and if we get FIRED (some people did), for good customer service, then that's bull. They labeled everyone who was good at customer service "Inefficent", and fired them, and hired people off the street who knew nothign about customer ervice and couldn't care less.

I say, Good. I walked out of Kmart, and so did many of my freinds who worked there, basically it was a group walkout, and the managers could have cared less.

A bit of advise, don't ever work at Kmart, you'll regret it.

Aloha 737-200



(BTW, I broke the rules in posting this, but I feel it needs to be said. I will now resume my boycott of the non_av forum.)
 
usair1489
Posts: 367
Joined: Tue Oct 10, 2000 5:22 am

RE: Kmart Going Out Of Business?

Sun Dec 16, 2001 7:14 am

I work at my local K-Mart and I totally agree about all the negative things everyone's mentioned so far. We have got to be the most corrupt place in the entire world. I mean... you gotta keep busy at all times even when it's dead. I don't! I do my homework and if the managers don't like it, screw them! I've been working there for almost 15 months now and things are just down the drain there. And this self checkout thing... what a joke that is! That's just another way to get rid of cashiers (like me).

Steve
Zinger Aviation Delta Oscar Tango Charlie Oscar Mike
 
Guest

RE: Kmart Going Out Of Business?

Sun Dec 16, 2001 8:46 am

USAir1489, You said it. That is exactly the way they treated me and everyone else. Keep busy. The thing was that when it's dead, your supposed to straighten the aisle, right? Well, once it's straightened, they then ask you to go out on the floor, and straighten there, but then the manager comes to the front, and gets all pissed off because you're not at your register!!!

I got pulled back into the main office three times over that one, because the service desk reps (Level III) told me to go straighten the floor, when I was supposed to be at my register.

I finally told Kevin (my boss) that from now on, I'm not going to go out and straighten, evne if they ask me too. Guess what happened? I got reported for insubordination!!!

They were inches away from firing me when I walked out, and you know what, I followed every instruction, every rule, to the letter, and look what I got.

Kmart sucks, big time.

Aloha 737-200
 
BH346
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Joined: Mon Jan 31, 2000 5:50 am

RE: Kmart Going Out Of Business?

Sun Dec 16, 2001 9:02 am

The Kmart here is terrible. Dirty, small aisles, no good brands, and no prices on many items. I wouldn't miss it.
Northwest Airlines - Some People Just Know How to Fly
 
heavymetal
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RE: Kmart Going Out Of Business?

Sun Dec 16, 2001 10:36 am

Kmart's headquarters are just up the road from another unimaginative behemoth...General Motors.

Simply a case of a company that refuses to give itself the required enema now & then and review why it does things the way it does. Every Kmart I've ever been in is claustrophobic...yet a bulk of the suits still seem to think the aisles all need to be crammed together tight. And Kmart seems to want to offer the widest variety of the cheapest crap. Streamline your brands, like Sears did. And if it takes more people at better wages to keep the stores from looking like trailer trash dumps, then hire them.

Probably won't happen. Remember Woolworth? Quaint, nostalgic...they did things the same every day they were around. Right up to when they went out of business.
 
usair1489
Posts: 367
Joined: Tue Oct 10, 2000 5:22 am

RE: Kmart Going Out Of Business?

Sun Dec 16, 2001 12:48 pm

Time to bash K-Mart some more! Okay, where should I start? Straightening. Yes, keep them straightened. I know EXACTLY what you mean as everyone where I work has the same philosophy. And I'm 17... what the hell is up with the stinking rule that I cannot even get cigarettes for a customer? That's bulls**t!!! They have someone up there running a register, who is a minor, and they must have FULL access to everything available up at the checkouts (except the money drawer).

And our district manager, Dave Shakespeare, is a nut. I mean, he looks younger than 45, but the ideas and things he sets are just outrageous. 95% of the things he tells Bill (our store manager) aren't even enforced. Inactive cashiers... put up with it! And I got in trouble with a customer once because I was FLIRTING with them (she was around my age and I threw out a few compliments to her...typical of me) and my manager heard me and reprimanded me. That was 8 months ago. I still do the same thing today even after saying it's my nature to be nice. Aye yay yay. What corruption!

As far as claustrophobia is concerned, I don't feel that at my store. In fact, the Wal-Mart across the street packs in much more in a smaller store than our K-Mart and that's claustorphobic!

I will still continue to work at my K-Mart (Store 3193 in Marlton for those curious people). I'm not going to quit and look for another job for some time. I hope our Human Relations manager can deal with me requesting off many weekends in 2002 for airshows. She better or I'll raise hell like I always do!

Steve
Zinger Aviation Delta Oscar Tango Charlie Oscar Mike
 
MalibuAir
Posts: 141
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RE: Kmart Going Out Of Business?

Sun Dec 16, 2001 12:58 pm

How will this effect our dear Martha?
 
prosa
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RE: Kmart Going Out Of Business?

Sun Dec 16, 2001 2:20 pm

Kmart does seem to be making a serious attempt at a turnaround. While it's too early to know for sure, it looks as if the company's survival is not in any real danger.
"Let me think about it" = the coward's way of saying "no"
 
VirginA340
Posts: 2556
Joined: Sun Jul 17, 2005 12:35 pm

RE: Kmart Going Out Of Business?

Sun Dec 16, 2001 3:28 pm

Some employees are great and most other are the ones you don't want to meet. The one in Penn Station NY ain't bad but the ones in northern NJ are pure hell. I hope they all go under! You can never find help. The customer service line is long one person for 30 people! Their auto center is a joke. One of those jackasses nearly did a number on my oil pan just to change oil (I now go to Jiffy Lube ever since that incident)

Hopefully they'll get better managment. Walmart ain't no better. From wat i heard they've got a thing againts unions, pay their workers next to nothing, moral is quite low and the owner is a snobby punk who I wouldn't mind confronting in a dark parking lot somwhere!
"FUIMUS"
 
mls515
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Joined: Mon Jun 26, 2000 5:56 am

RE: Kmart Going Out Of Business?

Sun Dec 16, 2001 4:07 pm


I am a former K-Mart employee myself. I worked there for 11 months when I was 16-17 and I thought it was an OK job. The main reason why I quit is because I was getting paid only $.05 more per hour than new-hires and wasn't getting "promoted" off the registers out into a department. They were holding back because of the minimum wage hike. I was also ticked that they took away the extra dollar per hour on Sundays a few months earlier. I was only getting $5.05 per hour back then! I ended up quitting to do some store remodeling at a small regional chain for a whopping $5.75. It was bitch-work, assembling store fixtures and stuff like that. I quit after 3 weeks. I was pissed about being one of the ones who had to do shit work and not getting any of the easy jobs like moving merchandise around. Then I landed at Sears Product Service after being unemployed for 3 whole days and that got me through high school, actually I still work there. Started at $5.85 and it was easier than K-Mart so I liked it.

The moral of the story is that there are better jobs out there. When you find one, give K-Mart two weeks notice. It will be worth it to see the shock in their face, since you'll be the first high school kid in a long time to give the customary 2 week notice. On my way out one night I told the manager that I was quitting and giving my two weeks. Doesn't require too much in the way of balls. I went in the next day and had a short meeting with the HR lady and one of the managers and explained my reasons for leaving (mainly that I had landed another job). When I went in and picked up my last check I filled out an exit interview form (must have had to dust those off!). I noticed that they stated on one of the items that I would be considered for re-hiring so I felt good about the situation.
 
Guest

RE: Kmart Going Out Of Business?

Mon Dec 17, 2001 2:49 am

Heavymetal wrote: "Remember Woolworth? Quaint, nostalgic...they did things the same every day they were around."

I never saw any of their U.S. stores, but Woolworth's Canadian stores were so poorly run they even made Kmart look good by comparison. I went into one around 1989, give or take a year, and quickly found out why the place was nearly deserted. The store was messy and looked as though it hadn't been renovated since the '50s, and the employees looked as though they'd sooner be out having their wisdom teeth extracted.

Not surprisingly, Woolworth's disappearance a few years later went practically unmourned.

Another mismanaged one was Marks & Spencer. Apparently they're successful in Britain, but their Canadian operations were a disaster that lost money for something like 20 years before somebody at head office bothered to pull the plug. They did very little advertising, if any. And they had an odd mix of products: one newspaper article mentioned that the local store's biggest sellers were meat pies and underwear!

 
VirginA340
Posts: 2556
Joined: Sun Jul 17, 2005 12:35 pm

RE: Kmart Going Out Of Business?

Mon Dec 17, 2001 11:25 am

Marks & Spencer is still aorund!?! They must be on a wing and a prayer right now. Is their stock worth 5 pence or something like that?
"FUIMUS"
 
Guest

RE: Kmart Going Out Of Business?

Mon Dec 17, 2001 12:33 pm

I think M & S lives on in the U.K., but if their stock is trading at 5 pence, it would look as though they've got one foot in the grave. Their Canadian division, however, has been gone for a year or two now.

Why they would have allowed a division of their business to lose money for two decades or more before closing it is beyond me.

 
ILS
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RE: Kmart Going Out Of Business?

Mon Dec 17, 2001 12:40 pm

$5 share is GOOD! I know many companies bigger than K Mart that are under $1.
 
usair1489
Posts: 367
Joined: Tue Oct 10, 2000 5:22 am

RE: Kmart Going Out Of Business?

Mon Dec 17, 2001 11:36 pm

More stories about K-Mart... yesterday (Sunday)when I was at work I had a customer go through my line and bought nearly $200 of clothes and toys and he wanted to use his brand new K-Mart credit card. So I scanned it as usual and did the normal stuff and the card was declined. He was furious and I had my supervisor void out the purchase. He said he had something like 200 or something on the card and we reran the purchase to like $180-something and tried the card again. Didn't work. We got it down to $120-something and tried. Didn't work. The customer had his cell phone with him and he called the 1-800 number on the back of the card for the 24hr/day, 7 days/week customer service and the operator said that all offices were closed.

Talk about POOR CUSTOMER SERVICE!!!

Steve
Zinger Aviation Delta Oscar Tango Charlie Oscar Mike

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