On Thursday, January 5, 2017 at 5:59:08 PM UTC-6, Ed Pawlowski wrote:
On 1/5/2017 6:17 PM, wrote:

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..


I did say "I don't think malls are the gathering place they used to be." To me that means exactly the same thing as "the era of the mall is over." The value, or maybe old value, of Sears is its real estate value. I am aware malls are not really the shopping centers they used to be. But all that real estate in every state in retail locations has value. Despite the prevalence of online shopping, the way I do a lot of shopping too, actual real estate space is still needed and valuable. There is still far more in person retail space shopping than all online shopping combined. Believe it or not. Add up all the grocery store, gas station, hardware store, Wal-Mart shopping I do in a year, and it is a lot more than all online shopping I do. Suspect that is identical for everyone else. Everyone talks about online shopping, but it will never ever replace in person shopping.