HYANNIS The Kmart parking lot on Route 132 in Hyannis was practically empty Monday for the store s going-out-of-business sale.
Still, a trickle of customers made their way to the store, where huge banners proclaimed an inventory blowout.
“Everything at least 10% to 70% off lowest ticketed price” one sign read.
“Nothing held back,” another proclaimed.
What was held back was information from Kmart’s parent company, Transformco. There was no word, no reply to telephone calls or emails about the exact closing date of the national discount store in Hyannis.
The Cape store is the last Massachusetts location for the once-mighty retail giant.
BARNSTABLE The town of Barnstable and the owners of the Cape Cod Mall are locked in litigation over how much the shopping complex on Iyannough Road is worth.
Mayflower Cape Cod and Simon Property Group, which own the mall, and the town are before the state Appellate Tax Board because their valuations of the property differ by $28 million in fiscal 2018 and $32 million in fiscal 2019, according to court filings.
The town also filed a lawsuit in Barnstable Superior Court against the mall owners in September, calling for the court to compel the owners to give testimony and produce documents relevant to the assessments. It’s also looking for banking records from the mall’s lenders, as well as lease information, construction contracts and other documents related to Target, Dick’s Sporting Goods and Planet Fitness, three of the mall’s newest tenants.