K-Mart Falls in NYC
Out in The Big Apple:
It was once a big deal—a very big deal.
But soon it will be just a memory.
Kmart’s store on West 34th Street in Midtown Manhattan, catty-corner to Macy’s and considered one of the anchors of both the Herald Square shopping district and Kmart itself, is going out of business.
Last week the landmark store at One Penn Plaza just west of Seventh Avenue put up its “Store Closing Sale” signs, only the latest Kmart store to succumb to what retail observers have only partially sarcastically referred to as “the longest going-out-of-business sale in American retailing history.”
This news surprised me as I would never have guessed that K-Mart still maintained a presence in the heart of Manhattan. Right on 34th Street with Macy's and Madison Square Garden as its' neighbors.
That's prime real estate.
Held (for a little while longer at least) by a retailer that's well past its' prime.
Grace & Peace & Love to you all -
Matt
