Wednesday, June 20, 2018

Sears Is Closing More Stores -- and This Mall Operator Is Happy About It

The Motley Fool
At the end of 2018's first quarter, once-thriving retailer Sears was operating 381 fewer stores than it was a year ago. And the company's footprint is continuing to shrink. Sears announced more closures recently, and it looks like a total of 275 Sears and Kmart stores could close during 2018.

As a result, many malls across the U.S. are about to be left with massive amounts of vacant square footage, and as a result, many mall operators are getting hammered.. . . more