Kentucky man buys Kmart inventory, gives it all away

Michael T · 05-18-2012, 02:35 PM

I think acts like this are truly awesome. If i had the funds to do something like this i sure would. I live in Kentucky, even before the recession things were rough & jobs hard to find. Now after our nations financial collapse things are extremely hard.
I'm feeling them on the home front myself having been recently laid off after years of employment in the same factory.

Here is a Link with a Video.

Kentucky man buys Kmart inventory, gives it all away | The Upshot - Yahoo! News

Here is a copy/paste of the article from Yahoo.com

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."
Paynter is a successful businessman, but he had a rough time when he was growing up. "It was hard sometimes," Paynter said. "Tied rags around my feet sometimes too. I only had summer slippers."
Not surprisingly, Paynter's massive gift to Clark County Community Services was the organization's single biggest donation ever.

ilyti · 05-18-2012, 02:38 PM

Great story. Is this the guy who did it?

highlordmugfug · 05-18-2012, 07:23 PM

That's a really cool thing to do.

Guitarmiester · 05-19-2012, 02:57 PM

I read about that yesterday. It's always nice to see there's still some people out there who don't always think about themselves.

The Uncreator · 05-19-2012, 06:18 PM

Awesome, in every literal sense of the word.

ittoa666 · 05-19-2012, 10:35 PM

This guy deserves massive recognition.

Sebastian · 05-20-2012, 01:14 AM

Man, now that's awesome!

ddtonfire · 05-20-2012, 01:31 PM

Faith in humanity restored!

Xiphos68 · 05-20-2012, 01:49 PM

Epic in every sense of the word.

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05-18-2012, 02:35 PM	#1
Michael T Sea Turtles mate Join Date: Feb 2010 Location: Richmond, Ky Posts: 1,390 Thanked: 39 $Michael T is rather kvlt and tr00. \m/$ $Michael T is rather kvlt and tr00. \m/$ $Michael T is rather kvlt and tr00. \m/$ $Michael T is rather kvlt and tr00. \m/$ $Michael T is rather kvlt and tr00. \m/$ $Michael T is rather kvlt and tr00. \m/$ $Michael T is rather kvlt and tr00. \m/$ Feedback Score: 39 reviews	Kentucky man buys Kmart inventory, gives it all away I think acts like this are truly awesome. If i had the funds to do something like this i sure would. I live in Kentucky, even before the recession things were rough & jobs hard to find. Now after our nations financial collapse things are extremely hard. I'm feeling them on the home front myself having been recently laid off after years of employment in the same factory. Here is a Link with a Video. Kentucky man buys Kmart inventory, gives it all away \| The Upshot - Yahoo! News Here is a copy/paste of the article from Yahoo.com 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." Paynter is a successful businessman, but he had a rough time when he was growing up. "It was hard sometimes," Paynter said. "Tied rags around my feet sometimes too. I only had summer slippers." Not surprisingly, Paynter's massive gift to Clark County Community Services was the organization's single biggest donation ever. The project that I'm working on is so secret... Even I don't know what I'm doing!

05-18-2012, 02:38 PM	#2
ilyti Lazy Ryebread Viking Join Date: Mar 2008 Location: Ottawa, Canada Posts: 1,648 Thanked: 19 Feedback Score: 0 reviews	Great story. Is this the guy who did it? thrsher, Michael T and imlikemike like this.

05-19-2012, 06:18 PM	#5
The Uncreator Control The Sun Join Date: Sep 2011 Location: St. Pete Posts: 916 Thanked: 31 Feedback Score: 0 reviews	Awesome, in every literal sense of the word. L A S C A I L L E 'S ☼ S H R O U D Progressive Cosmic Death Metal SoundCloud ☼ Facebook

05-19-2012, 10:35 PM	#6
ittoa666 /)'3'(\ Join Date: Nov 2008 Location: Chimaera SD Posts: 6,417 Thanked: 195 Feedback Score: 0 reviews	This guy deserves massive recognition. Ride the wings of death! "Seriously... You DO NOT headbang with your knees" Murmel

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05-18-2012, 07:23 PM	#3
highlordmugfug themuthaphukkindeath Join Date: Feb 2009 Location: _ Posts: 4,012 Thanked: 47 $highlordmugfug is rather kvlt and tr00. \m/$ $highlordmugfug is rather kvlt and tr00. \m/$ $highlordmugfug is rather kvlt and tr00. \m/$ $highlordmugfug is rather kvlt and tr00. \m/$ $highlordmugfug is rather kvlt and tr00. \m/$ $highlordmugfug is rather kvlt and tr00. \m/$ $highlordmugfug is rather kvlt and tr00. \m/$ Feedback Score: 18 reviews	That's a really cool thing to do.

05-19-2012, 02:57 PM	#4
Guitarmiester Awesome-O Join Date: Feb 2008 Location: CO Posts: 901 Thanked: 7 Feedback Score: 1 reviews	I read about that yesterday. It's always nice to see there's still some people out there who don't always think about themselves.

05-20-2012, 01:14 AM	#7
Sebastian Poland CEO / RHLC © Join Date: Aug 2006 Location: Cracow, Poland Posts: 8,370 Thanked: 102 Feedback Score: 0 reviews	Man, now that's awesome! FF

05-20-2012, 01:31 PM	#8
ddtonfire SS.org Regular Join Date: Jun 2009 Location: Corpus Christi Posts: 954 Thanked: 14 Feedback Score: 0 reviews	Faith in humanity restored! L1ght likes this. SoundClick - SoundCloud - MySpace - FaceBook

05-20-2012, 01:49 PM	#9
Xiphos68 Join Date: Jul 2008 Location: Middle Earth Posts: 6,555 Thanked: 187 Feedback Score: 0 reviews	Epic in every sense of the word. Have a question about The Gospel or prayer request, PM me. Happy to help and God Bless! Band: www.facebook.com/whisperfromheaven For fans of Melodic-Metal. "Once you have entered the Ocean... You have entered the food chain." - Dad

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