Man buys closing store's inventory, gives it to charity

WINCHESTER, Ky. - When a K-Mart in Kentucky announced it was closing its doors, a Winchester business man decided to buy the remaining merchandise and donate it to a local charity.

Rankin Paynter bought everything that was left in the once mega-store: clothes, shoes and toys worth a little less than $200,000.  He gave all the items to Clark County Community Services.

Paynter says he remembers what it was like growing up in hard times.

Clark County Community spokesperson, Judy Crowe says the donation will allow the organization to help so many families.

Though Paynter did not say how much he paid for the left over merchandise, he did say if he had sold it - he would have made about $35,000 to $40,000.