WINCHESTER, Ky.-- Days before the local Kmart went out of business, customers flocked to the store looking for bargains. That included a Kentucky businessman who initially thought he'd turn the merchandise for a profit.
While on the shopping trip, Rankin Paynter struck up a conversation with the store manager. "I looked around and I said, 'what's gonna happen to all this merchandise you won't be able to sell?" That's when he got the idea of buying all the remaining merchandise and giving it away to a local charity.
Paynter is in the jewelry exchange business and says he sees first hand the need of some of his customers. He grew up poor and says he has never forgotten that. It took four cash registers and nearly seven hours to ring up all the Kmart merchandise, at a total of nearly $20,000. Now all that clothing, shoes, and household items will go to the help people in need.