Sears Holdings Chairman Edward Lampert revealed a plan at the company’s annual meeting that would convert Kmart stores into warehouses where consumers would order products online and then pick them up at the facility. Called MyGofer, the first pilot store has opened in Joliet, IL, where shoppers can even get their items at a drive-thru.Lampert didn’t give a timeline for rolling out more MyGofer’s across the portfolio. “But if it works, it could give Lampert a way to convert a lot of high-cost stores into low-cost warehouses that still generate a good deal of revenue,” a Chicago Tribune article says. MyGofer already has a beta website, and it looks like you could buy pretty much anything there. It seems to us like it’s a huge Amazon.com-type of concept where you would physically pick up items instead of having them shipped, though shipping is an option as well.So is this a revolutionary new idea? Or will an online and brick and mortar combo not fly with consumers?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.