What a sad state of affairs for retail. Considered once as a leading retailer has now become a vulture circling dying retailers. Good for the customer? Hardly. If it did not sell and keep another retail alive what is going to make if more successful at Kmart? Price, but the consumer will be purchasing faulty, inferior, out of fashion items and to those who hard press to buy family essentials, I get it. But now think about the impact this has on the Vendors that supply Kmart with product. Their orders are not cut to zero which will put that level of retail into a need to sell off manufactured goods. So Mr., Vendor, we know Walmart was built on Vendor relations and that is why they were and remain great. Vendors need to give TJX, Marshalls, Family Dollar and those retailers their deliveries first, their best items and focus on a partner retailer not a retailer that is desperate to stay alive.
Tags: bankrupt retailers, jerry birnbach, kmart, lambert, retail failure