The answer? Maybe...
http://www.usatoday.com/story/money/2017/02/10/shopping-malls-department-store-sears-kmart-bankrupt/97741290/
I guess that all depends on whether/how regularly Sears is paying its rent.
malls NEED A CONTINGENCY PLAN for if Sears goes! wll they just keep SEars and retire Kmart?
Quote from: danfifepsu on February 20, 2017, 09:11:55 AM
malls NEED A CONTINGENCY PLAN for if Sears goes! wll they just keep SEars and retire Kmart?
Nobody I know goes to Sears or Kmart to shop anymore. I think they should retire both stores.
Quote from: TheFugitive on February 20, 2017, 09:05:06 AM
I guess that all depends on whether/how regularly Sears is paying its rent.
Quite a few of the Seas stores at the mall are owned by Sears themselves.
Then Sears can either raise or lower it's own rent so as to produce a tax loss in one company
or the other. A common bookkeeping trick.