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Author Topic: Are malls secretly hoping Sears goes bankrupt?  (Read 515 times)
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retailisking
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« on: February 18, 2017, 01:36:24 AM »

The answer? Maybe...
http://www.usatoday.com/story/money/2017/02/10/shopping-malls-department-store-sears-kmart-bankrupt/97741290/
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TheFugitive
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« Reply #1 on: February 20, 2017, 08:05:06 AM »

I guess that all depends on whether/how regularly Sears is paying its rent.
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danfifepsu
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« Reply #2 on: February 20, 2017, 08:11:55 AM »

malls NEED A CONTINGENCY PLAN for if Sears goes! wll they just keep SEars and retire Kmart?
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ShopKoFan
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« Reply #3 on: February 20, 2017, 12:53:25 PM »

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.
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Brammy
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« Reply #4 on: February 20, 2017, 03:00:57 PM »

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.
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Brammy
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« Reply #5 on: February 21, 2017, 02:19:32 PM »

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.
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