Attention K-Mart Execs
Wow, K-Mart announced today that it will close 326 stores, putting 37,000 people out of work.
That, on top of last year's post-bankruptcy filing, when they shut down 283 stores, sending 22,000 people packing.
K-Mart's fallen on hard times. They've had all kinds of geniuses in the executive suite trying to restore the company to its glory days. I dunno, I'm certainly no business whiz, but I wonder if any of these corporate types ever actually walked into a K-Mart. I'm guessing no. If they had, they probably would have quickly reached the same conclusion many Americans did long ago: the stores look like shit and it's disgusting to shop there.
I've visited K-Marts in many, many cities and they all look exactly the same: disgusting. And I mean to the point where you want to burn your clothes after you walk out the door. Funny how y'don't get that feeling at K-Mart competitors like Target and Wal-Mart (certainly no great prizes either).
K-Mart shares closed today at 17 cents.
Amazing how clueless the folks who run the company seem to be.
-M!