Sears To Close 1200 Stores.

What happens to the commercial real estate market when this happens?

After seven years of trying to rebuild the iconic retailer Sears, hedge-fund manager Edward S. Lampert reversed course on Thursday, announcing that Sears Holdings Corp. will unload more than 1,200 stores in an effort to raise up to $770 million of much-needed cash.

Many on Wall Street interpreted the move as the beginning of the breakup of the company.

http://online.wsj.com/article/SB10001424052970203918304577241002723672774.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Comments

  1. One of the 99% says:

    And what will happen to these employees and local small business that rely on these employers (like eateries, etc…)? These are interesting times.

  2. SOL!

Speak Your Mind