Re:Sears has another chance to avoid closing down
by wvenable on Tuesday January 08, 2019 @12:39PM
(#18857514)
No, this was true when Sears was viable retailer. They owned very valuable properties in malls. But the process of destroying the retail portion of the company to extract value from the real estate actually devalued the property. Sears was the anchor that made a lot of that property valuable in the first place.
[ Parent
| on HN ]
Re:Sears has another chance to avoid closing down
by reaperducer on Tuesday January 08, 2019 @03:52PM
(#18859567)
Stores don't own locations in malls. The mall owners lease that space to stores.