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Ed Pawlowski

On 1/5/2017 6:17 PM, wrote:
Sears today supposedly has value because of all the real estate it owns-occupies in malls across the country. Not because it has retail sales. The sales side started dying awhile ago. And likely will continue. K-Mart never upped its game to compete with Wal-Mart. So it is gone now. The Craftsman, Kenmore, Diehard brands are all good. But now days its easy to buy the same quality or better easily. No need to go to a Sears store.

And I do not know if the real estate value of Sears is good anymore either. I don't think malls are the gathering place they used to be. Several of the older malls in my half million people town have slowly withered. There is a NEW mall that is a happening place. But older malls, no. New, yes. Times have changed and Sears did not change with them.

What value? Liability for rent I can see but the era of the mall is over.

Going back some years we used to go to the mall a couple of times a
month to shop, maybe have lunch or at least a snack. I bet it has been
3 years since I set foot in a mall, but less than a week since I made a
purchase on line. Sales on line are up 17% last year according to NBC
news.

Amazon also lets me place orders in my underwear. Macy's frowns upon it.