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Businessman donates $200k of merchandise

When the K-Mart closed its doors it was clear there would be lots of unsold merchandise inside. Thanks to a Winchester businessman, all that merchandise will go to a local charity.

It's a rags to riches story.

"I know when I was young, we did need food," says Rankin Paynter.

Paynter grew up during tough times.

"When you needed food, unless some family member or next door neighbor gave it to you, you didn't get it," he says.

Decades later, he's a wealthy Winchester businessman. When the K-Mart announced its closing, he was curious about the remaining merchandise and asked a clerk what would happen to it.

"She said we have power buyers, someone that can buy all that's left. I looked at her and I said, 'I'm a power buyer!'," he says.

Paynter bought everything left in the store after the doors closed for the last time. Clothes, shoes, and toys worth just under $200,000. He decided to give all that merchandise to the Clark County Community Services.

"We accept donations every day, but we've never gotten a donation like this. It's going to bless so many families. There's no end to the number of families that we're going to be able to bless with this one donation," says Crowe.

Now, his donation is receiving nationwide attention and he hopes it inspires others to give.

"It's almost impossible to pull yourself completely back out unless somebody gets down and helps you," he says.

Paynter wouldn't say how much he paid for the merchandise, but said if he'd sold it he could have made thirty to forty thousand dollars. He's also paying for a storage space for the charity to keep the donation.

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