I read somewhere the mall owners actually want Sears to die. It’s that bad.
That’s not surprising. They probably want a new tenant that’ll actually drive traffic to the mall. I think anchor tenants get a better deal (/sq ft) under the premise they drive traffic and let the landlord charge more /sq ft for the rest of the space.
Anchor tenants like Sears got some sweetheart deals from malls. If they got in trouble they can pay reduced rent for a number of years. That’s why the mall owners hate Sears. They don’t think Sears will ever get back to health and so hate to fund its fruitless effort.
Let Sears die already, gawd.
Bring back Montgomery Ward (for you old folks…)!!!
Ok, what is the over/under???