In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
This means that the only people who might make money off of Seritage are the owners of demolition companies. They at least will get a paycheck for tearing down all those old Sears and Kmart locations.
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Just to remain viable as a retailer; Sears would have to close 43% of its stores or around 300 locations, Green Street estimated. That figure might be optimistic because of the loss of consumer confidence in Sears. There is no evidence that customers would return if Sears shuttered a bunch of money-losing locations.
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Get the picture? The only way that Sears can generate cash is to sell off its assets. It simply cannot make money from its retail operations.
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That cherished and reviled American institution known as the shopping mall is facing the greatest crisis in its history. Many
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Such property could become even more valuable as retailers such as Whole Foods, Sprouts, Kroger and Walmart expand their operations in core cities where Sears and Kmart have many choice locations. Former Sears stores could be perfect locations for high-end markets like Sprouts, Whole Foods and Kroger’s high-end subsidiaries such as Mariano’s and Harris Teeter.
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