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Saturday, May 22, 2010

Kwash

Iowa City, Iowa

The laundromat, part of what parent company Sears Holdings Corp. calls its "test-and-learn philosophy," will have 31 washers and 30 dryers, free high-speed wireless Internet access, a wash-and-fold drop-off service, and a rewards system for frequent users. The laundromat also has a full-service Kmart register.
(Photo from the SunTimes)

Kwash will have the largest loaders in the area, ranging in size from 18 pounds, to 30, 40, 60, and 80-pound washers, and prices will vary accordingly. For instance, the 30-pound washer will cost $2.97 a load, while the 60-pound washer will be $5.97. He said the rates are competitive, but no one will be able to match the convenience of shopping and getting the laundry done simultaneously. Time is money. (And MyGofer.com service in-store)

See full article from WalletPop: http://srph.it/bB1V78


Interesting concept... small steps, but still not going to be a "big hit" companywide though.

Also, SHLD reports Q1 2010 results. Kmart gross margins 24.3% with SG&A 21.8% (Selling/General Admin Expenses) with 1,320 stores as of May 1 2010, down from 1,364 a year ago. (comparison, Sears US is 30.3% gross margin 27.1% SG&A and down to 907 from 926 stores)


Anyway, next time, we'll spotlight the top 10 smallest Kmarts, coincidentally many of which are in Iowa.

2 comments:

  1. intersting how you post that all of this content belongs to you and no one may reproduce it yet you steal the kmart blue light guy for use on your blog

    ReplyDelete
  2. Excellent place because I can see they offer other services not only a Laundry, that's perfect because we can do other things while everything being ready.m10m

    ReplyDelete

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