KMART Files Chapter 11 Bankruptcy - Page 3

Steeltrap · #31 03-11-2002, 12:05 PM

There are at least three Kmarts in the two counties that I live in that are having going-out-of-business sales. I certainly hope there's some "Kmartha" Stewart stuff there at discount.

AKA2D '91 · #32 03-11-2002, 07:14 PM

The CEO resigned today...

I guess it's all down hill from here?

strobelitehoney · #33 03-12-2002, 04:35 PM

Let me tell you how bad it is.

I was reading in the investment today, paper(I'm into that kind of stuff).

Do YOU KNOW that kmart, had the nerve to have an ad saying they were selling their stock, for 29.90,
Because it would become a collectors item, and worth the investment?????

But I'll sure be the first inline to invest in martha stewart's slashed prices, when the 50- 75% sale begins.

prayerfull · #34 03-12-2002, 04:51 PM

So far, I'm not impressed with the sales. I want to see some serious price slashing. Until then, I may as well stick with "tar-jhey".

I'm trying to do some Spring re-decorating and would love some great sales on the martha stewart stuff...since that's all that's worth buying there.

AKA2D '91 · #35 03-12-2002, 05:07 PM

Quote:

Originally posted by strobelitehoney
Let me tell you how bad it is.

I was reading in the investment today, paper(I'm into that kind of stuff).

Do YOU KNOW that kmart, had the nerve to have an ad saying they were selling their stock, for 29.90,
Because it would become a collectors item, and worth the investment?????

But I'll sure be the first inline to invest in martha stewart's slashed prices, when the 50- 75% sale begins.

As I was looking through the paper this morning...it read that Kmart's stock was up. I wonder if the CEO's departure had anything to do with it? Or, if his leadership paved the way for Kmart to decline?

strobelitehoney · #36 03-12-2002, 05:24 PM

Quote:

Originally posted by AKA2D '91

As I was looking through the paper this morning...it read that Kmart's stock was up. I wonder if the CEO's departure had anything to do with it? Or, if his leadership paved the way for Kmart to decline?

Actually it is up, It was 1.03 at the beginning of last week, and that's a good thing, but I also think the stock is either going to stay at a low rate, or begin to decline again.
I think his leadership paved the way for the decline. Hopefully they'll get someone that knows how to handle biz, this time around. Sometimes you can't Keep OLD practices, with a changing economy.