Our Kmart store is in the process of UPDATING, fixing everything that has been in despair for years....INSIDE AND OUTSIDE...Store is a leasing store through Seritage... Stock room getting cleaned out putting stock on overheads which before was a big NO...No hours for part timers, full timers are getting 40hrs. Management says "lease is good for couple of years". Any thoughts on this....
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They told us the same thing. We started purging in April, were told in May we were closing and now we have 1 week left. We, also, had 2 years left on our lease. I'm sorry to tell you but its coming and soon.
If you go to the purging stock rooms than that means the store will be closing soon no matter what they tell you. Could be a month, maybe 6, but they are already in the process of planning for it to close once they put it all out on the sales floor.
When this happens get ready for liquidation. If it is a leased store you have around 3-4 months until the liquidators come in.
The same is happening at my store. We have cleaned out the stockroom everything has to go out. nothing gets to go back its all going on overheads now. if you touch it then it goes out. i think that we might have til at least December.
Knowing how crooked Eddie is, he could be making improvements to the real estate for a new and better tenant which will benefit his Seritage. he is probably billing all the repairs to sears which he knows will go belly up soon. If you are putting things on overheads like the other stores, it is for eventual liquidation.