Kentucky man buys Kmart inventory, gives it all away
A Kentucky man
purchased every last bit of inventory from a Kmart store that was two
days away from shutting its doors. But he didn't keep the stuff for
himself. Rankin Paynter gave it all way to a local charity.
Paynter spent a total of $200,000 to buy the goods, which ranged from clothes to office supplies.
According to a video from WHDH Boston,
Paynter was buying supplies for his business when the idea hit. Paynter
asked the cashier what they planned to do with the store's inventory
when it closed down. The cashier responded that it would go to "Kmart
power buyers."
Paynter became a power buyer, bought up everything, and then gave it away.
"To be honest with you, I could have made $30,000-$40,000 on it," he
said. Paynter has seen a lot of economic suffering at his jewelry
exchange. "What I see is people coming in my store, needy people sell
their stuff," Paynter said. "It's bad nowadays. I just told (the clerk)
let's just give it away to charity."
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