Businessman Buys Out Closing K-Mart and Donates Store to Charity

Rankin Paynter, was on an errand to purchase goods for his jewelry exchange business when he saw the local K-Mart was closing. At the cash register, he asked what the store was planning to do with its leftover merchandise. Upon learning that they would be sold to ‘power buyers’, he became one himself, and donated the entire store to charity. He even rented a building to store the items, worth $200,000, until next winter, when they are to be donated through Operation Happiness.

What I see is people coming in my store, needy people sell their stuff,” Paynter, who runs Rankin Paynter Buying Center, said. “It’s bad nowadays. I just told the clerk let’s just give it away to charity.”

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