Yesterday we wrote about Sears new liquidation marketplace where it is selling excess inventory and product returns from its Sears and Kmart retail stores and other channels such as online stores. It turns out online merchants looking for product sourcing opportunities may end up competing with Kmart itself.
An alert reader pointed out that Kmart unveiled last month a new merchandise strategy that involves stocking its shelves with products from bankrupt companies or mass liquidations, as the New York Post reported.
This week, the Post revisited the story after having received a copy of an email that the new Kmart Strategic Merchandising Group reportedly sent out promising bankruptcy attorneys and others that it would guarantee the highest recovery prices for inventory from bankrupted retailers.
A bankruptcy attorney told the newspaper that Kmart wants to buy closeouts that might otherwise be sold to liquidators or an outlet. “But,” the newspaper reported, “some questioned whether consumers who buy Kmart appliances sourced from bankrupt companies might be surprised when they can’t get parts if something goes wrong.”
The reader who sent us the information in the New York Post after reading about the new Sears Kmart overstock marketplace at Sears.Bstock.com wrote facetiously of Kmart, “Are they buying their own merchandise?”