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K-Mart Filing for Bankruptcy Protection

Discussion in 'Channel Zero' started by Pistol, Jan 23, 2002.

  1. Pistol

    Pistol Dirty Dozen Crew

    Joined: Jul 12, 2001 Messages: 19,358 Likes Received: 298
    Causght this on the news late last night. K-mart is filing for bankruptcy to help protect itself from creditors. There plans are to keep all stores open at least for now. But they plan to close down some stores in the future. They said this is the result of cutthroat business from Walmart and Target. I know if the Kmart's around my way close down I'm stocking up on Rusto liquidation style.
     
  2. Big Bruno

    Big Bruno Senior Member

    Joined: Oct 8, 2001 Messages: 2,472 Likes Received: 70
    fucking walmart, it was inevitable though cuz walmart and target are puttin up shitloads of stores and kmart still stays all ghetto.
     
  3. T.T Boy

    T.T Boy Dirty Dozen Crew

    Joined: May 18, 2001 Messages: 21,803 Likes Received: 40
    man ghetto kmart is where its at.

    oh well, i gues sthis means cheap paint for us now doesent it.
     
  4. Pistol

    Pistol Dirty Dozen Crew

    Joined: Jul 12, 2001 Messages: 19,358 Likes Received: 298
    Over here in California there was this store called Montgomery Wards. They just went out a few years back. But Target bought alot of the old stores. Right now in my city they are doing some major redevelopment. The old Montgomery Wards is being turned into a Target. And across from the Kmart by my house there is a new shopping center with a brand new Walmart being built. It's gonna be pretty crazy and unrealistic to think a Kmart,Target, and Walmart are going to be all within 2 miles of each other and still gonna make a profit that is acceptable to the heads up top to keep open.
    By the way paint at Kmart was expensive as fuck.
     
  5. boogie hands

    boogie hands 12oz Legend

    Joined: Feb 15, 2001 Messages: 16,059 Likes Received: 13
    kmart never fails to have a meager, disorganized paint section.....i hope they all get shut down and replaced with a giant pool of plastic balls......hurray!
     
  6. khaotic970

    khaotic970 New Jack

    Joined: Aug 23, 2001 Messages: 18 Likes Received: 0
    in my town we have a 0ldskool kmart with no cameras and puke clored walls and cheap carpet and a old skool food market with old white ladies cookin
    the toy section is a mess and the paint is easy to steal
     
  7. uh and yes

    uh and yes New Jack

    Joined: Jul 27, 2001 Messages: 4 Likes Received: 0
    i loved their deals on rusto... *pours 40oz*
     
  8. alkaline

    alkaline Elite Member

    Joined: Apr 2, 2001 Messages: 3,097 Likes Received: 0
    Wal-Mart has some pretty unethical business practices. They will build and open a store (mostly on the outskirts of an established area), and for the first few weeks they will keep prices really low (sometimes even below the cost of the product ... they do this a lot with milk and bread). Once they start to get an influx of people from all over the area coming to the Wal-Mart instead of Joe Mom and Pop's Grocery, they slowly raise the prices. In the meanwhile, Joe Mom and Pop's Grocery has to raise their prices in order to stay afloat, causing even less people to shop there. When Wal-Mart finally puts all of their major competitors out of business, they raise the prices even more (because now they basically have a monopoly of the area). Then they use all the property that they own to try and fool Regular Joe. When Regular Joe realizes what's going on to his town, he becomes more aware of where he shops. "I'll go to a local hardware store, instead of buying my new hammer at Wal-Mart. I think they just opened up a Bud's Hardware around the corner." Well guess what, buddy ... Wal-Mart owns Bud's Harware, Lowes Hardware, Sam's Club, and a handful of other retailers.
    What really sucks is when they do this in small towns. There's a town near here where Wal-Mart opened up a store, and with in a few years, every business on "Main Street" had turned into a bed and breakfast or and antique shop. Now the town relies almost entirely on tourism and traffic tickets (although in Texas there is a law that limits the amount of a cities income that can be based on traffic tickets).
    Well I say, "FUCK THEM!" for putting my beloved K-Mart out of business. Now I'm gonna have to find a new place to get my Dickies for cheap.
     
  9. alkaline

    alkaline Elite Member

    Joined: Apr 2, 2001 Messages: 3,097 Likes Received: 0
    What's really cool is when you hear about little towns that fight off Wal-Mart and take legal precautions so Wal-Mart doesn't "invade" their city.

    I didn't mean to turn this into an anti Wal-Mart thread, but damn ...
     
  10. Big Bruno

    Big Bruno Senior Member

    Joined: Oct 8, 2001 Messages: 2,472 Likes Received: 70
    where are some of these cities that keep walmart out? i know there arent any in redneck ass texas.
     
  11. DankLordz

    DankLordz Senior Member

    Joined: Nov 13, 2000 Messages: 1,983 Likes Received: 0
    the situation sucks, but man am I looking forward to clearance paint..
     
  12. alkaline

    alkaline Elite Member

    Joined: Apr 2, 2001 Messages: 3,097 Likes Received: 0
    Actually there are a couple in Texas. I think that the guy that started one of the biggest anti-Wal-Mart organizations is from Texas. The city I was talking about before (the one that was "invaded") is Fredericksberg (sp? ... the town where Enchanted Rock State Park is located). Have you ever been down there?
     
  13. Big Bruno

    Big Bruno Senior Member

    Joined: Oct 8, 2001 Messages: 2,472 Likes Received: 70
    no i never been there.
    what is the name of that anti-walmart organization?
     
  14. WebsterUno

    WebsterUno Guest

    *believe*

    Alkaline wears Dickies!!! yeah!
    Bens are where its at though.
    KMART is gangtsa!
    I just hate it that they have a shitty
    selection, and their Dutchboy paint sucks.
    Fuck that lil dutch kid. WalMart paint is
    good for some things. About that
    corporate BS. That sucks. But WalMArt
    got cheap ass Juices and snacks.
    I usually get water jugs there, 69ยข, on
    a hot ass painting day, fuck yeah.
    Target had gallon paint for $1 last time
    I went through there. Fuck it, I cant wait
    for the clearance prices either, I could use
    a few Ultra Flat Blacks, and some new
    freshly creased out dickies. Simon ese. :mexican:

    Pistol, they JUST closed down our
    Montgomery Wards. They are building
    a Target there now. MWs went bankrupt too.
     
  15. alkaline

    alkaline Elite Member

    Joined: Apr 2, 2001 Messages: 3,097 Likes Received: 0
    Wal-Mart Watch
    There are others ... do a search

    Richardson, TX

    September 13, 1999

    You won't find this video at Blockbuster, but Wal-Mart is hoping its video will change some minds in Richardson, TX, a community of roughly 80,000 people. According to reports from local sprawl-busters in this city 17 miles north of downtown Dallas, Wal-Mart has helped finance a group called "Concerned Citizens for Quality Growth," which has been promoting a 220,000 square foot Wal-Mart supercenter on 19.4 acres of land that is surrounded by residential properties.

    On May 4th, the Richardson Planning and Zoning board voted 6-0 to deny Wal-Mart's superstore project. The neighboring Duck Creek Homeowners Association voted 343-3 to oppose Wal-Mart, and turned out as many as 600 people at the P&Z hearing in May.

    Wal-Mart has appealed the P&Z vote to the City Council. Because of the P&Z vote, and because more than 20% of the abutting land is owned by people opposed to the project, the City Council must pass the superstore on a supermajority vote of 6-1. If two people on the Council oppose the project, the P&Z vote will be upheld.

    Wal-Mart apparently decided to step up its public relations effort running up to the Council vote, sending a mailing to many area residents and informing them that they could order a video. One resident who asked to see the tape, said it was delivered to his door by a teenager. The 10 minute tape extolled the virtues of Wal-Mart, and made general references to the spectre of what would happen if low-income housing was built instead of a Wal-Mart. One resident said he considered the video "race-baiting."
     
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