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Saturday, May 19, 2012

Ky. Businessman Buys Out Closing Kmart — And Donates Everything to Charity

A Kentucky businessman earned the term “Summer Santa” when he bought out all the merchandise in a closing Kmart store — and donated it all to charity.

Rankin Paynter, who runs a jewelery exchange in Winchester, told WLEX-TV he was at the superstore two days before it was set to shut its doors. Wondering what was going to happen with everything left on the shelves, he got an idea: Buy it all and give it to those in need.

Four cash registers and six-and-a-half hours later, Paynter walked away with a $200,000 haul — even renting a building to store everything.


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