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| Re: Kmart with Astor Place entrance closing (1580323) | |||
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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sun Jul 11 12:53:47 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Peter Rosa on Sun Jul 11 10:47:42 2021. This was already a problem in 2016. They'd be cut off from new purchases from select vendors for months until they at least made partial payments. Once they consumed the cash they got from selling off their real estate assets and their recognized brand names (Craftsman, DieHard, etc) their demise was assured.Hard to believe that Kmart was still the #1 retail chain in the country as late as 2001. |
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