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Kmart with Astor Place entrance closing |
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Posted by Peter Rosa on Sat Jul 10 16:24:50 2021 It's best known here for the entrance to the downtown 6 train's Astor Place platform, which dates back decades to the store's days as a Wanamaker. If/when there's a new tenant it'll be interesting to see if it reopens the entrance.This is a very abrupt closing, as tomorrow will be the last day. Fewer than 20 Kmarts remain. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Jimmymc25 on Sat Jul 10 17:18:29 2021, in response to Kmart with Astor Place entrance closing, posted by Peter Rosa on Sat Jul 10 16:24:50 2021. I actually thought they were all gone already. Sad. |
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Re: Kmart with Astor Place entrance closing |
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Posted by TransitChuckG on Sat Jul 10 17:47:06 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Jimmymc25 on Sat Jul 10 17:18:29 2021. Me,too! |
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iPhone 6 (4.7 Inch) Premium PU Leather Wallet Case - Red w/ Floral Interior - by Notch-It |
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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sat Jul 10 18:08:03 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Jimmymc25 on Sat Jul 10 17:18:29 2021. I worked for Sears until 2016. Kmart will be gone completely by 2025. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Wallyhorse on Sat Jul 10 18:10:21 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Chris R16/R2730 on Sat Jul 10 18:08:03 2021. Probably a lot sooner:Another chain that fell victim to the times. If I were running Target, I'd want that location for the Subway entrance and access to both the East Village and NOHO, as well as Greenwich Village to the west (and yes, I know there is a location on 14th Street/Avenue A, but that is over a mile from this spot). |
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Re: Kmart with Astor Place entrance closing |
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Posted by Dan on Sat Jul 10 18:18:48 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Wallyhorse on Sat Jul 10 18:10:21 2021. I thought with the two Kmarts on SI being closed that there were no Kmarts anywhere in NYC. Any others left? Kmart did absolutely nothing to improve the customer experience after the Sears merger. Nothing. But they may be able to survive as an online operation selling cheaper items. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Peter Rosa on Sat Jul 10 18:31:09 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Chris R16/R2730 on Sat Jul 10 18:08:03 2021. Determining the number of surviving Kmarts (and Sears stores) is quite a challenge. Transformco, the holding company for the brands, stopped annoucing store closures and listing store counts in late 2019. Some people have come up with counts by looking at the company's jobs listings for store liquidation temporary help and by checking the sites of third-party liquidation companies.As best can be determined there are fewer than 20 remaining Kmarts. After Astor Place there will be four left in New York and, curiously, four in the US Virgin Islands. |
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Re: Kmart with Astor Place entrance closing |
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Posted by AlM on Sat Jul 10 19:04:44 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Wallyhorse on Sat Jul 10 18:10:21 2021. Target is about to open at 14th/Union Square, replacing Food Emporium. |
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Re: Kmart with Astor Place entrance closing |
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Posted by LuchAAA on Sat Jul 10 19:31:46 2021, in response to Re: Kmart with Astor Place entrance closing, posted by AlM on Sat Jul 10 19:04:44 2021. Whole Foods is so popular its hard to compete.People on the bus and subway always have Whole Foods or Trader Joe's bags. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Elkeeper on Sat Jul 10 19:54:14 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Dan on Sat Jul 10 18:18:48 2021. The Sears and Kmart merger was a marriage made in Hell, like the Penn-Central merger. |
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Re: Kmart with Astor Place entrance closing |
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Posted by AlM on Sat Jul 10 20:05:50 2021, in response to Re: Kmart with Astor Place entrance closing, posted by LuchAAA on Sat Jul 10 19:31:46 2021. Yeah and that Food Emporium location had one of each a block away in opposite directions. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Peter Rosa on Sat Jul 10 20:42:04 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Elkeeper on Sat Jul 10 19:54:14 2021. I don't think either the NY Central nor the Pennsylvania RR would have avoided financial trouble had the merger never happened. |
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Re: Kmart with Astor Place entrance closing |
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Posted by LuchAAA on Sat Jul 10 22:09:23 2021, in response to Re: Kmart with Astor Place entrance closing, posted by AlM on Sat Jul 10 20:05:50 2021. Yup. Doomed.I used to love Food Emporium, Gristede's, and D'Agostino. The Dag Bag and the commercials on television. We didn't have these stores in Queens. We had Key Food, Met Food, and C Town. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Wallyhorse on Sat Jul 10 22:38:46 2021, in response to Re: Kmart with Astor Place entrance closing, posted by AlM on Sat Jul 10 19:04:44 2021. Ah, that makes more sense:Was not aware of that. |
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Re: Kmart with Astor Place entrance closing |
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Posted by zac on Sun Jul 11 07:23:01 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Dan on Sat Jul 10 18:18:48 2021. There are cheaper items to sell? |
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Re: Kmart with Astor Place entrance closing |
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Posted by zac on Sun Jul 11 07:25:54 2021, in response to Re: Kmart with Astor Place entrance closing, posted by LuchAAA on Sat Jul 10 22:09:23 2021. The Manhattan grocery stores never had anything special except the higher prices. I tried shopping once near my office on the east side and the aisles were so narrow 2 people couldn't pass, everything was stacked to the ceiling, and the checkout lines were long. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Joe V on Sun Jul 11 09:44:48 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Peter Rosa on Sat Jul 10 18:31:09 2021. The one is Penn Station probably would still be around if the LIRR were not rebuilding their concourse. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sun Jul 11 10:11:18 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Wallyhorse on Sat Jul 10 18:10:21 2021. There are a handful if profitable Kmart locations that won't close until the rest do. 2025 is the year Eddie Lampert must pay back a large loan he took from his hedge fund to keep Kmart and Sears going. It's the ideal time to declare Chapter 11. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sun Jul 11 10:11:20 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Wallyhorse on Sat Jul 10 18:10:21 2021. There are a handful if profitable Kmart locations that won't close until the rest do. 2025 is the year Eddie Lampert must pay back a large loan he took from his hedge fund to keep Kmart and Sears going. It's the ideal time to declare Chapter 11. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sun Jul 11 10:12:18 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Elkeeper on Sat Jul 10 19:54:14 2021. Yup. And it was no merger. Kmart bought Sears outright. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sun Jul 11 10:14:54 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Dan on Sat Jul 10 18:18:48 2021. Bruckner Blvd in the Bx. An absolute dump, I've seen more inviting 99 cent stores....they must have a good lease or a BAD lease with no good way out. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sun Jul 11 10:19:10 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Peter Rosa on Sat Jul 10 20:42:04 2021. Yes, misery does not love company. The PRR was probably worse off and would have collapsed first. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sun Jul 11 10:28:28 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Peter Rosa on Sat Jul 10 18:31:09 2021. Holy crap i am really out of the loop here. I thought Lampert still owned this mess. My last contact in the company was in the Metro Mall store that closed three years ago.There are also two stores, in Key West and Guam that were turning profits as late as 2016. Like the VI locations, the reason is lack of competition. Excluding Key West, all these stores are located in areas where it is prohibitively expensive to ship to, making online shopping difficult. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sun Jul 11 10:30:50 2021, in response to Re: Kmart with Astor Place entrance closing, posted by AlM on Sat Jul 10 19:04:44 2021. Whatever went into the old Mays building there? |
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| (1580303) | |
Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sun Jul 11 10:32:11 2021, in response to Re: Kmart with Astor Place entrance closing, posted by LuchAAA on Sat Jul 10 22:09:23 2021. When Pathmark opened up near me in 1985 there was great rejoicing. Now they are gone. |
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Re: Kmart with Astor Place entrance closing |
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Posted by AlM on Sun Jul 11 10:42:27 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Chris R16/R2730 on Sun Jul 11 10:30:50 2021. Mainly Burlington Coat factory and DSW. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Allan on Sun Jul 11 10:44:13 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Dan on Sat Jul 10 18:18:48 2021. The Kmart store in the Bay Plaza shopping center near Co-op City is still open.I have no idea why. They shrunk the selling floor area to less than half of the available space and shelves are not full. They have very few customers. The parking lot may look full at times but that is because people who are going into the Mall can park for free. |
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| (1580307) | |
Re: Kmart with Astor Place entrance closing |
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Posted by Peter Rosa on Sun Jul 11 10:47:42 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Chris R16/R2730 on Sun Jul 11 10:28:28 2021. Holy crap i am really out of the loop here. I thought Lampert still owned this mess. My last contact in the company was in the Metro Mall store that closed three years ago.There are also two stores, in Key West and Guam that were turning profits as late as 2016. Like the VI locations, the reason is lack of competition. Excluding Key West, all these stores are located in areas where it is prohibitively expensive to ship to, making online shopping difficult. Eddie is the chairman of Transformco, so he's still in charge of the whole mess. From what I've heard, just rumor stage at this point, is that the handful of remaining Kmarts are getting very few shipments from vendors and are mostly just selling down whatever stock they have on hand. The company can't afford to pay cash on delivery and its credit is such that vendors won't sell to it on terms. I also would imagine that with so few stores remaining, and with them spread out rather than geographically concentrated, buying in bulk is getting more and more difficult. If Eddie really wants to keep the remaining ones open he might have to shift to a consignment model, in other words selling products on consignment for vendors rather than buying and reselling them. Fry's Electronics, a superstore chain in California and other western states, had to go onto a consignment model a few years ago when vendors refused to sell to it; while the company failed earlier this year it lasted a couple years longer than it would have had the consignment approach not been available. Doing so with Kmart might buy it a little more time. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Allan on Sun Jul 11 10:54:21 2021, in response to Re: Kmart with Astor Place entrance closing, posted by AlM on Sat Jul 10 19:04:44 2021. I hope that works for Target.They already have a store at E14th & 1st Av (unless they will close that store). If they open too many stores in the same market (such as NYC as a whole and elsewhere), they will soon discover they have more expenses (and debt) than income and wind up closing stores (and discover what Kmart/Sears and other similar retailers found out the hard way). |
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Re: Kmart with Astor Place entrance closing |
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Posted by Joe V on Sun Jul 11 11:31:29 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Peter Rosa on Sat Jul 10 20:42:04 2021. Forced takeover of the New Haven was of no help either, to say nothing of the Green and Red men infighting. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Joe V on Sun Jul 11 11:36:29 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Elkeeper on Sat Jul 10 19:54:14 2021. How come Walmart "made it", but a Kmart (nee Kresge five and dime) could not ?Everyone had a Sears Catalog at one time. It was fun to browse through, with photos, as thick as phone book. In the 1990's they dropped their catalog, when everyone else was stuffing our mailboxed daily with their catalog, though each as thin as magazine. A catalog is what to lead to on-line shopping. Sears cut their own balls off and became irreleavnt. Their closure as anchor stores in shopping malls is also leading to dead malls. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Steve B-8AVEXP on Sun Jul 11 12:11:55 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Joe V on Sun Jul 11 11:36:29 2021. There was a Sears store literally across the street from where I live. If I needed tools, I could just walk over and buy them. I miss that store. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Joe V on Sun Jul 11 12:47:01 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Steve B-8AVEXP on Sun Jul 11 12:11:55 2021. Now you go to Home Depot or Ace, assuming Home Depot didn't put the local Ace out of business. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Peter Rosa on Sun Jul 11 12:53:03 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Joe V on Sun Jul 11 11:31:29 2021. It's interesting to wonder how long the Pennsylvania RR and the NY Central would have lasted if they had never merged. I don't believe either one would have made it to the deregulation era of the 1980's. |
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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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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sun Jul 11 12:57:13 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Joe V on Sun Jul 11 11:36:29 2021. Kmart never advanced with the times. In the three years I was with the company I never entered a store that had seen any kind of update since the 90s. Walmart aggressively took them out.And their online website was a joke. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Sun Jul 11 13:04:33 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Allan on Sun Jul 11 10:44:13 2021. That one was set to be closed in 2016 but was spared for some reason. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Allan on Sun Jul 11 14:04:07 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Chris R16/R2730 on Sun Jul 11 13:04:33 2021. Community pressure is what kept it open. |
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Re: Kmart with Astor Place entrance closing |
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Posted by AlM on Sun Jul 11 14:32:49 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Allan on Sun Jul 11 10:54:21 2021. Target has not announced any plans to close at 14th and A. It's about 0.6 miles between the two.But I do think the new Union Square location makes Target much less likely to try for the KMart location. That's only a distance of 0.3 miles. |
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Re: Kmart with Astor Place entrance closing |
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Posted by AlM on Sun Jul 11 14:35:33 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Joe V on Sun Jul 11 12:47:01 2021. Interestingly, my local Ace de-affiliated with Ace but didn't close. Home Depot is quite a ways away, though. A 20 minute walk. |
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Re: Kmart with Astor Place entrance closing |
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Posted by qveensboro_plaza on Sun Jul 11 15:17:21 2021, in response to Re: Kmart with Astor Place entrance closing, posted by AlM on Sun Jul 11 14:32:49 2021. But I do think the new Union Square location makes Target much less likely to try for the KMart location. That's only a distance of 0.3 miles.Also, Union Sq./14th Street is a considerably higher-traffic location than Ninth Street and Fourth Ave. with the convergence of the 4,5,6, L,N,Q and R lines. Many of these Manhattan Target locations are small and have very limited selections, although the one at E117 Street is as big as a suburban store. I don't know how much space the former supermarket will provide, but perhaps they are going to expand into the basement. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Steve B-8AVEXP on Sun Jul 11 16:37:24 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Joe V on Sun Jul 11 12:47:01 2021. We have Home Depot and Loew's. |
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Re: Kmart with Astor Place entrance closing |
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Posted by murray1575 on Sun Jul 11 17:31:59 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Steve B-8AVEXP on Sun Jul 11 12:11:55 2021. I still have my Craftsman tools including ratchets/sockets and open end and combination wrenches all made in USA and purchased at local Sears stores. I miss the days when Sears was the busiest store around. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Joe V on Sun Jul 11 17:39:33 2021, in response to Re: Kmart with Astor Place entrance closing, posted by qveensboro_plaza on Sun Jul 11 15:17:21 2021. Target replaced a Barnes & Noble on Austin Street, Forest Hills. It is a shitty one. |
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Re: Kmart with Astor Place entrance closing |
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Posted by TransitChuckG on Mon Jul 12 04:28:21 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Chris R16/R2730 on Sun Jul 11 12:53:47 2021. I took advantage of the Sears policy on tools.Break one of our Craftsman tools, bring it in and get a new one , no hassle. |
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Re: Kmart with Astor Place entrance closing |
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Posted by LuchAAA on Mon Jul 12 06:41:24 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Chris R16/R2730 on Sun Jul 11 10:32:11 2021. When Pathmark opened up near me in 1985 there was great rejoicing. Now they are gone.The Pathmark on Atlantic Avenue? |
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Re: Kmart with Astor Place entrance closing |
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Posted by LuchAAA on Mon Jul 12 06:49:03 2021, in response to Re: Kmart with Astor Place entrance closing, posted by zac on Sun Jul 11 07:25:54 2021. The Manhattan grocery stores never had anything special except the higher prices. I tried shopping once near my office on the east side and the aisles were so narrow 2 people couldn't pass, everything was stacked to the ceiling, and the checkout lines were longI agree. It's the same food, just higher prices for the rent. They usually had better air conditioning. Yet people still talk about these so-called "food deserts" but Manhattan's Upper East Side had the same food as working class Maspeth Queens or any neighborhood. There was a Pathmark on 125 and Lex yet heart disease, obesity and type 2 diabetes were on the rise in New York City's minority communities long before it closed. |
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Re: Kmart with Astor Place entrance closing |
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Posted by Chris R16/R2730 on Mon Jul 12 08:45:01 2021, in response to Re: Kmart with Astor Place entrance closing, posted by LuchAAA on Mon Jul 12 06:41:24 2021. Yes. On the old Clock tower site. |
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Re: Kmart with Astor Place entrance closing |
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Posted by MainR3664 on Mon Jul 12 08:53:29 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Elkeeper on Sat Jul 10 19:54:14 2021. Philosophically worse, IMO.From what I've read, the Sears-KMart merger was intended to fail- Edward Lampert, who took over, intended to not bother with any store renovations or service improvements, but rather, to cash in on the real estate value of the properties, and milk what could be milked from the stores until they died. ort of like buy a grove of maple tress, extracting as much syrup as possible from the trees, while showing them no care, and then selling the land when the trees die. I also think there was quite a bit of self-dealing here- Lampert not only owned the company, but other entities he controlled were the largest creditors. So either way, he made money! |
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Re: Kmart with Astor Place entrance closing |
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Posted by MainR3664 on Mon Jul 12 08:55:34 2021, in response to Re: Kmart with Astor Place entrance closing, posted by Joe V on Sun Jul 11 11:36:29 2021. True. Over 25 years, Sears killed itself. After they got caught faking car repairs in 1994, I never looked at them the same way again. |
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