Sears to close 100 to 120 Kmart, Sears stores

[d_fife]

http://seekingalpha.com/article/2587065-sears-layoffs-top-6000-closing-over-110-outlets?page=2 lit of closings

[d_fife]

http://www.al.com/business/index.ssf/2014/10/kmart_shutting_down_another_st.html

[NJF]

Does anyone know when Kmart last built and opened a new store?

[Hudsons81]

Does anyone know when Kmart last built and opened a new store?

The one in Somers Point, New Jersey opened on October 19, 2002. That's right, Kmart actually opened a new store as it was still bankrupt! Plus, that's twelve years and eight days without any new from-scratch store openings!

Photos, exterior and interior, here: http://www.deadanddyingretail.com/2014/08/the-last-kmart-ever-built-somers-point.html

There is another Kmart that also opened in 2002-it's on West Washington Avenue in Las Vegas, Nevada.

[TheFugitive]

I did a grand opening for Ames in Houghton Lake, Michigan where we opened a new store after having filed
for Chap. 11 bankruptcy.  Construction on the building had already begun, and likely the court felt there was more to lose by not opening it.

Of course that pushed the opening past Christmas, which sort of made you wonder what was the point?
Nothing as bad as a February store opening in that part of the world!  High temp for the week was +13F.

[TheFugitive]

Another Sears closing.  Pittsburgh Mills Mall, northeast of Pittsburgh in the
Alle-Kiski Valley area.  This location is less than ten years old.

http://triblive.com/neighborhoods/yourallekiskivalley/yourallekiskivalleymore/6975322-74/sears-store-mills#axzz3Hl4CGwFp

[Hudsons81]

Bay city MI closing for Sears.

Well, the Bay City Mall (where that Sears is located in) will now be hit with a double-whammy: their Target anchor is going out of business as well.

In addition, yet another Kmart is closing. Schoenherr and 13 Mile in Warren, Michigan. It's mentioned along with the three already-mentioned Michigan closings here.

http://www.freep.com/story/money/business/michigan/2014/10/28/sears-kmart-michigan-store-closings/18051009/

[dmx10101]

Sears/Kmart: We’re still in business, growing?
February 26, 2015 | By Mike Troy

Sears Holdings continues to lose money â€"- lots of it â€"- and same store sales declined again during the holidays, but the severity of the company’s losses have diminished, which has Chairman and CEO Edward Lampert believing further improvement is coming as the company transforms to what he calls “a leading integrated membership-focused company.”

What exactly that means isn’t always clear, but for now it means that Sears Holdings is losing less money than it had previously, and with new liquidity options at its disposal those who have forecast the company’s imminent demise have again been proven wrong.

Now it is never a good thing when the best thing that can be said about a retailer is that its performance wasn’t as bad as the prior year, but Sears Holdings will take what it can get. The company did lose $159 million, or $1.50 a share, in the fourth quarter ended Jan. 31, but that’s a big improvement from the prior year’s fourth quarter when it had a loss of $358 million, or $3.37 a share the prior year.

For the full year, the company said its net loss totaled $1.7 billion, or $15.82 a share, compared to a prior year loss of $1.4 billion, or $12.87 a share.

Despite the still sizable losses, Lampert assesses the company’s performance in terms of its adjusted earnings before interest, taxes, depreciation and amortization, or adjusted EBITDA. By that measure, Lampert characterized the fourth quarter results as a significant improvement, with adjusted EBITDA of $125 million reversing a prior year loss of $68 million.

"While we clearly believe that we can improve upon these results, we are pleased with the positive trend that started in the third quarter, and we currently expect this level of improvement to carry forward into our full year 2015 results,” Lampert said. “We believe that the changes we are making to focus on our best stores, reward our best members and pursue our best categories will help us continue to transform Sears Holdings into a leading integrated membership-focused company."

Participants in the company’s membership program known as “Shop Your Way” accounted for 72% of eligible sales at Sears and 74% of sales at Kmart, according to the company. Despite Lampert’s optimism around Shop Your Way, the productivity gap between Sears and Kmart stores and their chief rivals continues to widen.

For example, same store sales at Sears’ 746 domestic stores fell 7% while comps at Kmart’s 979 stores declined 2%. The comp declines contributed about $313 million to an overall revenue decline of $2.5 billion caused by two key events. The de-consolidation of the Sears Canada business and the separation of the Lands’ End business caused revenue to decline to $8.1 billion from $10.6 billion. Meanwhile, Kmart’s long-time rivals Walmart and Target experienced same store sales growth of 1.5% and 3.4%, respectively, on selling space that is already more highly productive than Kmart’s.

The widening gap is even more pronounced as Sears’ rivals Home Depot and Lowe’s, where the companies reported stunning same store sales increases of 8.9% and 7.4%, respectively, at U.S. stores. The top performing categories at Kmart were apparel, toys, jewelry and seasonal with declining categories including consumer electronics and grocery and household. Kmart’s comps would have increased by 2.8% if it excluded consumer electronics, grocery and household goods. Sears stores were negatively affected by consumer electronics.

Excluding the impact of consumer electronics, Sears comps would have decreased 4.6%, primarily driven by decreases in Sears Auto Centers and apparel. As doubts persist about whether Sears and Kmart can ever generate meaningful top line sales growth to drive true profitability, the company sought to reassured investors of its liquidity position and options available to further enhance financial flexibility.

According to Sears Holdings CFO Rob Schriesheim, the company’s actions in 2014 generated $2.3 billion in liquidity and it continues a transition to a capital structure that is more flexible, long-term oriented and less dependent on inventory and receivables.

“We have proven that Sears Holdings is an asset-rich enterprise with multiple levers to generate continued financial flexibility, while creating shareholder value,” Schriesheim said. In 2014, that meant closing 234 Kmart and Sears Full-line stores, the majority of which were Kmart stores, in addition to the Sears Canada and Lands’ End transactions.

Sears Holdings ended the year with approximately $800 million in availability under its credit facility, $250 million in cash and the possibility creating a real estate investment trust that would unlock the value of some of the company’s best store locations.

“We are continuing our efforts to develop Sears Holdings as a membership company, without the significant asset intensity of its traditional retail business,” the company said in a statement. “To this end, we announced in November that we have been exploring the formation of a Real Estate Investment Trust (REIT) to purchase some of our properties and to manage them like a pure real estate company. While we can offer no assurances that such a transaction will be consummated, we have made progress and are proceeding towards its formation and separation, which is projected to occur in May or June of this year.”

The company said it is targeting between 200 and 300 Sears and Kmart stores to be sold to the REIT with expected proceeds to Sears Holdings in excess of $2 billion.

[katnapped]

Some clues as to what may be included in the REIT (scroll down to page 75 or so):

http://www.sec.gov/Archives/edgar/data/1628063/000119312515114974/d836914ds11.htm

You'll have to do some detective work to figure out whether a given location is a Sears or a Kmart.  There's at least a couple of 'smaller' Kmarts around here on the list which I'd imagine would be unloaded rather than subdivided.

[ynkeesfn82]

Some clues as to what may be included in the REIT (scroll down to page 75 or so):

http://www.sec.gov/Archives/edgar/data/1628063/000119312515114974/d836914ds11.htm

You'll have to do some detective work to figure out whether a given location is a Sears or a Kmart.  There's at least a couple of 'smaller' Kmarts around here on the list which I'd imagine would be unloaded rather than subdivided.

So the stores listed such as West Hartford, Connecticut and Waterford, Connecticut are locations they're looking to sublease to other retailers?

[Hudsons81]

Some clues as to what may be included in the REIT (scroll down to page 75 or so):

http://www.sec.gov/Archives/edgar/data/1628063/000119312515114974/d836914ds11.htm

You'll have to do some detective work to figure out whether a given location is a Sears or a Kmart.  There's at least a couple of 'smaller' Kmarts around here on the list which I'd imagine would be unloaded rather than subdivided.

Well, I know Lincoln Park, Michigan is a Sears; Saint Clair Shores, Michigan is a Kmart and Roseville, Michigan is either a Sears or a (soon will no longer be) Super Kmart. It's surprising that they would be subleasing those two soon.

[katnapped]

Two more Kmarts on the chopping block: Ontario, OR and Mount Pocono, PA as well as the Sears location in New Hartford, NY

[Ameskid]

A parting memento from the Anderson Township, Ohio Kmart employees. The store closed in August of last year.

Goodbye Board by Harvestman Man, on Flickr

[ynkeesfn82]

Sears Nashville, Tenn at the Bellevue Center Mall. - The whole mall is being demolished.

http://wkrn.com/2015/05/27/bellevue-sears-to-close-early-august/

Even The Kardashian's couldn't help Sears. They've broken up with the chain.

http://fortune.com/2015/05/05/sears-kardashians-break-up/

KMART is closing its Hilltop Location in Virginia Beach, VA (Note: This says there are other Virginia Beach locations)
http://hamptonroads.com/2015/05/kmart-close-hilltop-store-lay-82-employees

KMART is closing in Closter, New Jersey
http://www.northjersey.com/news/business/closter-kmart-to-close-in-august-1.1333049

KMART is closing one of 2 locations in Tulsa, Oklahoma the one on 51st Street
http://www.tulsaworld.com/business/retail/kmart-to-close-its-store-at-e-st-st-this/article_272a9060-520e-535e-8f90-4fdab96dc2ab.html

KMART is closing in Colonial Heights, Virginia
http://www.richmond.com/business/local/article_14d29cf4-29f3-538b-9b60-63d6dfdd171d.html

[Hudsons81]

KMART is closing its Hilltop Location in Virginia Beach, VA (Note: This says there are other Virginia Beach locations)
http://hamptonroads.com/2015/05/kmart-close-hilltop-store-lay-82-employees

FYI: This store is a former Super Kmart.

[katnapped]

There's several more (Kmarts) as of late.  Vineland, NJ was announced today.  Brookhaven, PA has interest from Lowe's to buy/lease the location.

[katnapped]

There's around 120 locations now missing from the store locator.  Glitch or something else going on?  You decide.

[Ameskid]

There's around 120 locations now missing from the store locator.  Glitch or something else going on?  You decide.

Check out the "dead and dying retail" Facebook page for more info - apparently locations slated to close have been removed.

[Hudsons81]

There's around 120 locations now missing from the store locator.  Glitch or something else going on?  You decide.

Check out the "dead and dying retail" Facebook page for more info - apparently locations slated to close have been removed.

Speaking of which...on that page I saw someone recently post a news article about my former Super Kmart's slating to close...and the owner told him it was an old 2014 article!

[JimSawhill]

Sears/Kmart: We’re still in business, growing?
February 26, 2015 | By Mike Troy

Sears Holdings continues to lose money â€"- lots of it â€"- and same store sales declined again during the holidays, but the severity of the company’s losses have diminished, which has Chairman and CEO Edward Lampert believing further improvement is coming as the company transforms to what he calls “a leading integrated membership-focused company.”

What exactly that means isn’t always clear, but for now it means that Sears Holdings is losing less money than it had previously, and with new liquidity options at its disposal those who have forecast the company’s imminent demise have again been proven wrong.

Now it is never a good thing when the best thing that can be said about a retailer is that its performance wasn’t as bad as the prior year, but Sears Holdings will take what it can get. The company did lose $159 million, or $1.50 a share, in the fourth quarter ended Jan. 31, but that’s a big improvement from the prior year’s fourth quarter when it had a loss of $358 million, or $3.37 a share the prior year.

For the full year, the company said its net loss totaled $1.7 billion, or $15.82 a share, compared to a prior year loss of $1.4 billion, or $12.87 a share.

Despite the still sizable losses, Lampert assesses the company’s performance in terms of its adjusted earnings before interest, taxes, depreciation and amortization, or adjusted EBITDA. By that measure, Lampert characterized the fourth quarter results as a significant improvement, with adjusted EBITDA of $125 million reversing a prior year loss of $68 million.

"While we clearly believe that we can improve upon these results, we are pleased with the positive trend that started in the third quarter, and we currently expect this level of improvement to carry forward into our full year 2015 results,” Lampert said. “We believe that the changes we are making to focus on our best stores, reward our best members and pursue our best categories will help us continue to transform Sears Holdings into a leading integrated membership-focused company."

Participants in the company’s membership program known as “Shop Your Way” accounted for 72% of eligible sales at Sears and 74% of sales at Kmart, according to the company. Despite Lampert’s optimism around Shop Your Way, the productivity gap between Sears and Kmart stores and their chief rivals continues to widen.

For example, same store sales at Sears’ 746 domestic stores fell 7% while comps at Kmart’s 979 stores declined 2%. The comp declines contributed about $313 million to an overall revenue decline of $2.5 billion caused by two key events. The de-consolidation of the Sears Canada business and the separation of the Lands’ End business caused revenue to decline to $8.1 billion from $10.6 billion. Meanwhile, Kmart’s long-time rivals Walmart and Target experienced same store sales growth of 1.5% and 3.4%, respectively, on selling space that is already more highly productive than Kmart’s.

The widening gap is even more pronounced as Sears’ rivals Home Depot and Lowe’s, where the companies reported stunning same store sales increases of 8.9% and 7.4%, respectively, at U.S. stores. The top performing categories at Kmart were apparel, toys, jewelry and seasonal with declining categories including consumer electronics and grocery and household. Kmart’s comps would have increased by 2.8% if it excluded consumer electronics, grocery and household goods. Sears stores were negatively affected by consumer electronics.

Excluding the impact of consumer electronics, Sears comps would have decreased 4.6%, primarily driven by decreases in Sears Auto Centers and apparel. As doubts persist about whether Sears and Kmart can ever generate meaningful top line sales growth to drive true profitability, the company sought to reassured investors of its liquidity position and options available to further enhance financial flexibility.

According to Sears Holdings CFO Rob Schriesheim, the company’s actions in 2014 generated $2.3 billion in liquidity and it continues a transition to a capital structure that is more flexible, long-term oriented and less dependent on inventory and receivables.

“We have proven that Sears Holdings is an asset-rich enterprise with multiple levers to generate continued financial flexibility, while creating shareholder value,” Schriesheim said. In 2014, that meant closing 234 Kmart and Sears Full-line stores, the majority of which were Kmart stores, in addition to the Sears Canada and Lands’ End transactions.

Sears Holdings ended the year with approximately $800 million in availability under its credit facility, $250 million in cash and the possibility creating a real estate investment trust that would unlock the value of some of the company’s best store locations.

“We are continuing our efforts to develop Sears Holdings as a membership company, without the significant asset intensity of its traditional retail business,” the company said in a statement. “To this end, we announced in November that we have been exploring the formation of a Real Estate Investment Trust (REIT) to purchase some of our properties and to manage them like a pure real estate company. While we can offer no assurances that such a transaction will be consummated, we have made progress and are proceeding towards its formation and separation, which is projected to occur in May or June of this year.”

The company said it is targeting between 200 and 300 Sears and Kmart stores to be sold to the REIT with expected proceeds to Sears Holdings in excess of $2 billion.

Home Depot and Lowe's are Sears rivals?? When did HD and Lowe's started to sell clothing and do auto service?   ???

[MikeRa]

Sears/Kmart: We’re still in business, growing?
February 26, 2015 | By Mike Troy

Sears Holdings continues to lose money â€"- lots of it â€"- and same store sales declined again during the holidays, but the severity of the company’s losses have diminished, which has Chairman and CEO Edward Lampert believing further improvement is coming as the company transforms to what he calls “a leading integrated membership-focused company.”

What exactly that means isn’t always clear, but for now it means that Sears Holdings is losing less money than it had previously, and with new liquidity options at its disposal those who have forecast the company’s imminent demise have again been proven wrong.

Now it is never a good thing when the best thing that can be said about a retailer is that its performance wasn’t as bad as the prior year, but Sears Holdings will take what it can get. The company did lose $159 million, or $1.50 a share, in the fourth quarter ended Jan. 31, but that’s a big improvement from the prior year’s fourth quarter when it had a loss of $358 million, or $3.37 a share the prior year.

For the full year, the company said its net loss totaled $1.7 billion, or $15.82 a share, compared to a prior year loss of $1.4 billion, or $12.87 a share.

Despite the still sizable losses, Lampert assesses the company’s performance in terms of its adjusted earnings before interest, taxes, depreciation and amortization, or adjusted EBITDA. By that measure, Lampert characterized the fourth quarter results as a significant improvement, with adjusted EBITDA of $125 million reversing a prior year loss of $68 million.

"While we clearly believe that we can improve upon these results, we are pleased with the positive trend that started in the third quarter, and we currently expect this level of improvement to carry forward into our full year 2015 results,” Lampert said. “We believe that the changes we are making to focus on our best stores, reward our best members and pursue our best categories will help us continue to transform Sears Holdings into a leading integrated membership-focused company."

Participants in the company’s membership program known as “Shop Your Way” accounted for 72% of eligible sales at Sears and 74% of sales at Kmart, according to the company. Despite Lampert’s optimism around Shop Your Way, the productivity gap between Sears and Kmart stores and their chief rivals continues to widen.

For example, same store sales at Sears’ 746 domestic stores fell 7% while comps at Kmart’s 979 stores declined 2%. The comp declines contributed about $313 million to an overall revenue decline of $2.5 billion caused by two key events. The de-consolidation of the Sears Canada business and the separation of the Lands’ End business caused revenue to decline to $8.1 billion from $10.6 billion. Meanwhile, Kmart’s long-time rivals Walmart and Target experienced same store sales growth of 1.5% and 3.4%, respectively, on selling space that is already more highly productive than Kmart’s.

The widening gap is even more pronounced as Sears’ rivals Home Depot and Lowe’s, where the companies reported stunning same store sales increases of 8.9% and 7.4%, respectively, at U.S. stores. The top performing categories at Kmart were apparel, toys, jewelry and seasonal with declining categories including consumer electronics and grocery and household. Kmart’s comps would have increased by 2.8% if it excluded consumer electronics, grocery and household goods. Sears stores were negatively affected by consumer electronics.

Excluding the impact of consumer electronics, Sears comps would have decreased 4.6%, primarily driven by decreases in Sears Auto Centers and apparel. As doubts persist about whether Sears and Kmart can ever generate meaningful top line sales growth to drive true profitability, the company sought to reassured investors of its liquidity position and options available to further enhance financial flexibility.

According to Sears Holdings CFO Rob Schriesheim, the company’s actions in 2014 generated $2.3 billion in liquidity and it continues a transition to a capital structure that is more flexible, long-term oriented and less dependent on inventory and receivables.

“We have proven that Sears Holdings is an asset-rich enterprise with multiple levers to generate continued financial flexibility, while creating shareholder value,” Schriesheim said. In 2014, that meant closing 234 Kmart and Sears Full-line stores, the majority of which were Kmart stores, in addition to the Sears Canada and Lands’ End transactions.

Sears Holdings ended the year with approximately $800 million in availability under its credit facility, $250 million in cash and the possibility creating a real estate investment trust that would unlock the value of some of the company’s best store locations.

“We are continuing our efforts to develop Sears Holdings as a membership company, without the significant asset intensity of its traditional retail business,” the company said in a statement. “To this end, we announced in November that we have been exploring the formation of a Real Estate Investment Trust (REIT) to purchase some of our properties and to manage them like a pure real estate company. While we can offer no assurances that such a transaction will be consummated, we have made progress and are proceeding towards its formation and separation, which is projected to occur in May or June of this year.”

The company said it is targeting between 200 and 300 Sears and Kmart stores to be sold to the REIT with expected proceeds to Sears Holdings in excess of $2 billion.

Home Depot and Lowe's are Sears rivals?? When did HD and Lowe's started to sell clothing and do auto service?   ???

The Home Depot and Lowe's are Sears rivals in the Home Appliance and Hardware businesses, just like Macy's and Boscov's are Sears rivals in the clothing business.

[mixedday]

I was wondering if Sears could sell Kmart? It seems like there is not very much common or real synergies between the two chains, except some Sears lines being sold at Kmart.

It's been in the news that Dollar Tree will merge with Family Dollar. Could spun off Kmart be a good fit with Dollar General? I think of many Kmarts now as very large Dollar General(s)/Family Dollar(s) with a clothing department, moreso than a competitor to Wal-Mart or Target.

I also think Sears would be better off paired with JCPenney, as both have more commonalities as struggling mall anchors. A new combined Sears/JCPenney could sell off sites and then use the cash proceeds to improve existing stores and compete against Kohl's, and hardware stores like Home Depot/Lowes and electronic stores like Best Buy, and mattress/furniture/electronic stores like hhgregg.

[Kmart4life]

They can't because Kmart owns Sears.

[TheFugitive]

Who in their right mind would buy Kmart?    ???

[BillyGr]

Who in their right mind would buy Kmart?    ???

Someone who has money and the right mind?

Like anything else, someone who has a plan and can afford to execute it could do just fine with the Kmart locations, the same way we're currently seeing other chains that can do fine with A&P locations that A&P as a company couldn't due to lack of someone who knows how to run the company and/or financial issues.

[TheFugitive]

I lived through this when I worked for Ames and we acquired Zayre.

The Zayre stores by that time were pretty much unsalvageable.  Poorly maintained dumps
with high shrink and a declining customer base.   All it ended up doing was taking a perfectly
good Ames chain down the flusher and letting the management of Zayre prosper by dumping
these stores and re-organizing around the part they kept, which was T. J. Maxx.

I think whomever would acquire Kmart at this stage would face the same situation.

[mixedday]

They can't because Kmart owns Sears.

Kmart's owner did acquire Sears, but it's now one company having two different chains.

Target was derived from Dayton-Hudsons. But those owners ultimately decided to keep Target and sell the dept. store to May Dept. stores.

In this case, Sears is the stronger division and Kmart has little future with Sears.  It might be better selling it off rather than those stores closing and Sears not getting any value from them. In my opinion, the aisles of Kmart are most like Dollar General and Family Dollar, and there is a lot of overlap between the products one gets from these stores. Not entirely of course, but even Dollar Tree and FamilyDollar are different.

Maybe Dollar General that was left out of the Dollar Tree+FamilyDollar merger, would want to acquire the Kmart stores, or atleast some of them if it's too expensive to buy all of them. If it just selected maybe 30% of them, it might be still better for Sears to get that, than nothing. Dollar General is probably one of the only chains that might make a fit, and even so, they'd likely not use the Kmart banner.

A chain like Dick's might want Kmart but only for the real estate. I don't know how well penetrated Dick's Sporting Goods is across the country. But Kmart's remaining locations are likely not in thriving big box shopping centers where Dick's might want to be located, whereas Dollar General would likely have fewer qualms with standalone Kmart sites.

[dmx10101]

Sears still can't stop sales skid
December 3, 2015 | By Marianne Wilson

Sears Holdings Corp. is doing a much better job at cutting costs than at stopping its sales decline.

The retailer’s total revenue in the third quarter, ended Oct. 31, fell 20% to $5.75 billion, from $7.21 billion in the year-ago period, amid store closings and divestitures and a drop in apparel and consumer electronics sales. (Sears had 1,687 stores at the end of the quarter, down from 2,249 a year earlier.)

Total same-store sales were down 8.6%. Kmart same-store sales declined 7.5%. Sears domestic same-store sales fell 9.6%.

Sears narrowed its loss to $454 million, or $4.26 a share, compared with a loss of $548 million, or $5.15, a year earlier, helped by a reduction in advertising and payroll costs. Excluding items such as store closures and amortization, the adjusted loss widened to $2.86 a share from $2.71.

Sears said it continues to remain focused on its Shop Your Way loyalty program. Sales to people enrolled in program made up 75% of eligible sales for the quarter.

In a statement, chairman and CEO Eddie Lampert said he remains optimistic about returning to profitability by “concentrating on our best stores, rewarding our best members and pursuing our best categories through innovative solutions to product and service offerings.”

“Through deliberate strategic actions, notably with respect to our promotional design and marketing spend, we have made meaningful progress in our transformation and reported a fifth consecutive quarter of improved year-over-year results,” he said. “As expected, the results of these actions have led to comparable store sales declines despite an increase in profitability. At the same time, we recognize a lot of work remains and we have brought in a number of experienced leaders to drive our business forward with a plan to win as a member-centric integrated retailer.”

Heading into the fourth quarter, Lampert said Sears is focused on product offerings and promotions to enhance member engagement through the holiday season.

Sears CFO Rob Schriesheim said the company plans to continue taking “significant actions” to alter its capital structure to position it for profitability.

In July, Sears spun off 235 properties into a real-estate investment trust it created called Seritage Growth Properties, and it also created joint ventures that hold additional properties with three mall owners.

[TheFugitive]

In July, Sears spun off 235 properties into a real-estate investment trust it created called Seritage Growth Properties, and it also created joint ventures that hold additional properties with three mall owners.

Pre-bankruptcy posturing.  Ames did the same thing before we filed Chap. 11.  We spun off the jewelry dept. as a leased dept. (to a wholly owned subsidiary) in order to shield the gold and diamonds from creditors.

A shame as I actually had a very positive experience with a Sears' ship-to-store purchase the other day.  Though the store was incredibly dead for December.

[Retail Fan+ (Justin Hill)]

I really hope Martha Stewart can buy Kmart from Sears before it's too late!