Albany Business Review: Shopping mall ViaPort Rotterdam (Rotterdam Square) suing Sears for half-a-million in back due rent!
Hardware Retailing: Sears Continues to See Dropping Sales and Revenue
Kankakee Daily Journal: Sears Logistics now Innovel
Chicago Tribune: Sears slashed more than 50,000 jobs last year!
CNNMoney: Sears downgraded to default status
The Real Deal: Half of vacant Santa Monica Mega Sears store sold for $50-million USD, to pay off mortgage and fund redevelopment
Chief Investment Officer: Sears Holdings gets $440-million loan to pay employee retirement fund
Newsday: Local Business owner, forced out by Sears Auto Center closure
Chief Investment Officer: Court Orders Inquiry into Sears Canada Dividend Payment
Media Post Communications: Federal Trade Commission loosens terms of 2009 settlement that restricted Sears’ ability to sell products through mobile e-commerce apps
WLS-TV: Sears under scrutiny after customer complaints and product disputes
Alaska: In Juneau, the Sears Hometown reverted to corporate ownership after the franchise owner quit, it’s now for sale.
California: Taxpayers are the new owners of the vacant Highland Kmart as they will be funding the construction of a new high school on the property. The school will be operated by taxpayer funded San Bernardino Public Charter School, Real Journey Academies.
Colorado: Ohio based mall owner-operator Washington Prime just bought the Sears store and Auto Center in Aurora (see Ohio below).
Florida: RD Management-University Mall is the new owner of the still active 43 years old Sears store, which sold for $7-million USD. Local news media says RD Management has plans to ‘revamp’ the building, marking “a significant milestone in the transformation of the entire University Mall site.” The mall will be renamed Uptown. Public feedback forces changes to redevelopment plans for vacant Neptune Beach Kmart.
Indiana: WFIE reporting that the Evansville Sears has been listed for sale, for a paltry $3-million USD. The store is shutting down in April.
Iowa: Ohio based mall owner-operator Washington Prime just bought the Sears store and Auto Center in Sioux City (see Ohio below).
Kansas: Local news media discovered that the Lenexa Point Sears Outlet store will shutdown, local realtors announced that the store front will be “available” on 01JUL2018.
New Jersey: It’s been confirmed, the Paramus Park Mall Sears store and Auto Center will shutdown by Spring 2019, to be redeveloped into a grocery store and movie theater (a smaller Sears Appliance store will remain). Without warning the Brick Big Kmart is being shutdown, it was revealed when Store Closing Sale signs were posted. Local news media reported that no official shutdown date was made public.
New York: A former Sears employee accused of stealing $8-thousand USD from the Arnot Mall Sears store. State taxpayers are funding the demolition of the now city taxpayer owned vacant Kmart plaza in Binghamton, as part of the Restore NY taxpayer rip-off operation. Three other cities are also getting millions in state taxpayer funding to demolish commercial properties now owned by city taxpayers.
North Carolina: In Wilmington, the owners of the Independence Mall revealed their plan to demolish and redevelop the entire mall, including the still active Sears operation. Local news reports stated that the planned The Collection at Independence shopping-“village lifestyle” plaza does not list the currently active Sears store and Auto Center as one of the future tenants. In July 2017, Eddie Lampert sold the Independence Mall Sears store and Auto Center to New York based Rouse Properties for $10-million USD.
Ohio: Columbus based mall owner-operator Washington Prime just shelled out $28.5-million USD buying four Sears stores and their related Sears Auto Centers, including the Sears store and Auto Center in Columbus. Local news media reported that the four stores and auto centers will be redeveloped, however, Washington Prime says it signed new leases with Sears worth $1.25-million which give Sears an easy out if it wants to shutdown; just give 30 days notice.
Pennsylvania: Taxpayer funded MaST charter school is offering to buy the still active Middletown Sears store for $9.6-million USD. MaST’s plan is to kick out Sears to make room for up to 1-thousand-275 students, if their plan is approved by the local school district and taxpayers.
Tennessee: The Thompson Lane Sears Outlet/Home Services & Repair sold to C.B. Ragland for $13-million USD.
Texas: Ohio based mall owner-operator Washington Prime just bought the Sears store and Auto Center in Longview (see Ohio above).
Virginia: Regency Mall owner The Rebkee Company, along with Thalhimer Realty Partners, just spent $3-million USD buying eight acres of the now vacant Sears store property in Richmond. The mall owner claims it has new tenants lined up for the Sears store, which shutdown last year. Local news media reports that a Sears “subsidiary” still owns three acres of the property, including the vacant Auto Center, but that it is currently under “negotiations”.
Washington: Sears Holdings suddenly selling off six active locations in The Evergreen State. The 48 years old Lacy Sears store, the 47 years old Tukwila Sears, Union Gap Sears, two Sears operations in the Spokane area, and the Spokane Kmart.
Wisconsin: Taxpayers of Greendale being raped of $2.2-million USD as their ‘elected’ leaders use taxpayer money to turn a former Southridge Mall Sears store into the unAmerican anti-Constitution Dick’s Sporting Goods! UnAmerican city leaders claim taxpayers will ‘recover’ the tax incremental financing by 2030, via increased property taxes on the property, but my lifetime of taxpayer experience shows your exalted leaders will find many other ways to jack-up your taxes between now and 2030. Taxpayers in La Crosse might become the new owners of a vacant Kmart store, currently the property is valued at $4-million. Apparently the plan is to turn the vacant lot in more residential housing, at taxpayer expense.
SEARS KMART DEATH SPIRAL, FEBRUARY 2018: “MONOTONOUS”