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Old 05-05-2016, 08:59 PM
 
Location: South Carolina
19,986 posts, read 18,940,630 times
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Kmart #3621, 1470 Chestnut Street, Orangeburg, South Carolina 29115-3453, is closing in August. Its liquidation sale begins Thursday, 19 May 2016.

Further reading
Zaleski, Gene. "Kmart leaving city after four decades." The Times and Democrat. 2016-05-03.
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Old 05-06-2016, 06:14 AM
 
623 posts, read 453,014 times
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It's unfortunate Sears Holdings is using one of those horrible liquidation sale companies that bring in merchandise at inflated prices that aren't really a deal for the consumer.

I read in Sears Holdings' financial report that 80% of the Kmart leases expire in the next 5 years. It's going to be a long and winding liquidation of the entire company.
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Old 05-06-2016, 06:19 AM
 
Location: South Carolina
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Quote:
Originally Posted by GroceryGuySC View Post
I read in Sears Holdings' financial report that 80% of the Kmart leases expire in the next 5 years. It's going to be a long and winding liquidation of the entire company.
I am not seeing Kmart stores renewing their leases. I fear the Kmart banner will go off into the sunset before Sears.
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Old 05-06-2016, 08:35 PM
 
623 posts, read 453,014 times
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Quote:
Originally Posted by Carolina Knight View Post
I am not seeing Kmart stores renewing their leases. I fear the Kmart banner will go off into the sunset before Sears.
I would agree with that. K-Mart is gone. Sears Holdings is really a real estate company, with the Sears stores they own the most valuable. They've already subdivided and are leasing Sears stores to places like Whole Foods and Forever 21.
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Old 05-06-2016, 11:19 PM
 
Location: South Carolina
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Quote:
Originally Posted by GroceryGuySC View Post
I would agree with that. K-Mart is gone. Sears Holdings is really a real estate company, with the Sears stores they own the most valuable. They've already subdivided and are leasing Sears stores to places like Whole Foods and Forever 21.
Real estate is an operating unit of the business. The stores form the most important operating unit. They are in need of serious improvement. Sears Holdings should decide to focus solely on Sears instead of Kmart.
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Old 05-07-2016, 05:20 AM
 
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Wow. Yeah it's been in Orangeburg a long time.
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Old 07-08-2016, 06:11 PM
 
Location: South Carolina
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Default Kmart #3621, 1470 Chestnut Street, Orangeburg, South Carolina 29115-3453

Kmart #3621's pharmacy closed Tuesday, 21 June.
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Old 07-08-2016, 08:14 PM
 
Location: 352
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Hopefully it can get redeveloped quickly, rather than sit there and rot for years.
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Old 07-08-2016, 11:45 PM
 
Location: South Carolina
19,986 posts, read 18,940,630 times
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Default Kmart #3621, 1470 Chestnut Street, Orangeburg, South Carolina 29115-3453

Quote:
Originally Posted by Jandrew5 View Post
Hopefully it can get redeveloped quickly, rather than sit there and rot for years.
Many recently closed Kmart stores have been redeveloped quickly. That is good turnaround.

Has there been speculation of what Kmart #3621 could be redeveloped for?
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