Is there any old employees here who know the signs that your store will be closing? We have been receiving odd repacks recently. Our truck has been cut to once a week. Rumors that we are to only give a 30 day return policy and that 2 of our 3 phone lines are showing up on caller id as a liquidation company. Our inventory is in less than 2 weeks and the l.p. dm, who in my 5+ years there have never seen, was in today but our dm was not. Thoughts or experiences?
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My store in nj is completely getting rid of merchandise from back rooms extreme budget cut s no repairs electronics basically empty orders from truck to shelf backroom must be clear
I use to work for a Kmart. We all knew the store was closing because the landlord had told the other shop owners that our lease wasn't being renewed. Our store was already going through the reconstruction process and they sent us the worst Assiatant Manager in the district to replace our Store Manager. I happen to be one of the fortunate leads that didn't get laid off. I was there until the doors closed. Get your resumes together and be prepared for anything. No ones is going to get the official word until the DM finds out. There is a better life after Kmart if you want to stay in retail.
At our store, we have been told they are cutting back hours due to budget constraints...Also, there was a sign posted by the schedule asking full-time employees if they wanted to volunteer hours and instead of receiving pay, they would accumulate sick time, or vacation time....seemed pretty crazy to me!
I worked at a Kmart in Louisiana and we went to the 30 day return policy. We were also lucky if our trucks came on time or at all. Then we had less inventory coming in. When it was time for the back to school reset we had less than half if the stuff we needed to fill it, compared to last year when we had more than enough. I just think it's a matter of time.
Ah and the kicker that I have somehow managed to forget, the owners of our building are trying to sell. I don't know how that plays into us staying there. Manager says we will be fine. But he says that about everything..
We do have a pharmacy in our store. They do better business than our actual store does. We are also still accepting new layaways. Layaway is finally start in to pick up. Our layaway loft has looked pretty sad since Christmas. Inventory was said to have gone well but we never had a meeting to go over the numbers so who knows. We have a different manager than we did last year so maybe he just does things differently. November will be 6 years for me at my store. Every year since I've started our sales have been less than the last. All managers from our district had a meeting earlier this week but the assistant managers were told that he could not tell them anything yet. That really makes me wonder. But from what the former manager above said I will try to stay hopeful. Our dyi section has also slimmed out alot. Counters only filled a little over half way up. Electronics looks so sad. Our tv stock is a laugh. Our electronics lead was left go a month or so ago. Was sad, alarming and left alot of us so angry. Our assistant managers think our outlook is quite grim so I guess that makes it a little harder to have a positive outlook on the whole thing. Ah and original poster here by the way.
Your done like many others. Enjoy the time off and appreciate the freedom.
I was a Kmart store manager and your store manager should have a good idea if you store isn't making positive EBITDA numbers. He may not know when your store will close but he knows based on looking at his P&L. You lease also plays a factor into your store closing, but isn't a for sure thing. I will tell you that they will announce your store closing and it will go through a liquidation process which is 3 months long. The store manager finds out 24 hours before the entire store will and the district manager finds out days before that. There isn't "prepping" or whatever you want to call it. There are no secret meetings of letting people go or planning to close before hand. As to inventory levels, nothing changes due to closing. We received normal trucks several weeks after the announcement of the closing. Again, no one knows until it comes down from HQ.
I think it's inevitable for most if not all of us. I was told that if your store has a pharmacy, they have to give you a 30 day notice before closing your store. We've hardly gotten anything in for back to school, lost our electronics for the most part, also severely cut back on DIY, removing counters there. On top of that, we've got less than 3 years left on our lease. But I doubt we'll make it that long.
I am still concerned about my store as well (refer to my previous post). Since my original post, we are losing two managers (one due to personal issues within their family and the other is being transfered) and our electronics dept. is going to be taken away (I think this is occurring throughout other Kmarts as there appear to be issues with vendors). Also, we seem to be losing business. There are not as many customers as there were when I originally started two years ago. It seems to me as they are slowly closing my store. Our inventory was about two weeks ago. I'm pretty sure the numbers are in by now and they are probably not good. We also have had visits from corporate (again) who came in and took photos of the fitting rooms. I wonder why...renovations? liquidation? I guess we will just have to wait and see. I think they are quitely closing stores at this point and not really coming out with a list. Honestly, I don't see my store making it past 2016.
Unfortunately, it does in fact sound like your store may be at risk for closure. The repacks may in fact be other stores clearance products that will be used during your liquidation. Also, the fact that liquidation company shows on the caller id during an incoming call is a horrible sign. The truck coming only once a week may not have anything to do with your store. You know, they closed a distribution center not too long ago. So that could explain the less frequent deliveries. You can never be too sure with Sears Holdings.
One question, is your store still allowing customers to initiate new layaway contracts? A definite sign is once the store stops accepting new layaways. Another good sign to watch out for is if the pharmacy closes, permanently.
Our store recently revised our return policy as well. This may be a corporate change in policy. I hope that our stores can continue to stay in our respective communities. I will continue to provide occassional updates about my store. I will also check on the condition of yours. Good luck!