Don't let anyone tell you that SEARS' failure was inevitable. It had a dominant and unassailable market position. Even in 2016 we were the top appliance seller in America. It takes generational incompetence to mess up that kind of greatness.
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@qfu Even if you buy back the company and you still need a return on capital. Given the state of mall real estate in the "Retail Apocalypse", there's not much return to be had these days. So many malls closing down and getting abandoned. Check out the Galleria at Pittsburgh Mills. The second largest mall in Pennsylvania. A $200 million dollar investment. It recently sold for $100.00. The whole mall. $100.00. That's what Lampert is looking at if he doesn't get rid of all this property sooner rather than later.
Welcome to Fantasy Island. It was all a dream.
The big stores didn’t pay rent. Majority of them where and are owned. Most had negative profit.
If the smaller footprint and assortment shown at Oakbrook, with no advertising and the store paying rent in the future, there is no money to be made. Definitely, no return on investment.
The big stores are/were a money pit to operate . If he can reopen under a smaller platform without being saddled by the real estate he had to begin with, and find a
way to eliminate all the debt, he's got a shot at reinventing the brand .
Key phrase is eliminating the debt .
Billions need to go away .
So he gave away sales to go bankrupt to try to get back where he started from? is that what you're saying qfu?
What is he going to do with it that he couldn't have done the first time? Remember that he used debt that he owned to acquire Kmart in 2004 after they went bankrupt.
Eddie did it on purpose. Now he is going to buy back the company and wash away all the debt.