Quote:
Originally Posted by CoryB
The new construction at St James and Ellice appears to be more free style building than an expansion of the Sears Home. Also, if Sears was moving out of Polo Park there would be an announcement of them selling the lease much like when they sold Pacific Center in Vancouver to Nordstrom.
The state of Sears globally is such that every lease is for sale at a price, even more so than that is a general rule. There is absolutely no way Sears walks away from Polo Park unless they are forced out or completely out of business.
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With rumors abound over the last few quarters that Sears has run out of credit terms with its suppliers, how long does Sears seriously have? Even if those rumors aren't entirely true on the face there's some smoke there. And if you're at that point, it's only a matter of time.
I'd be surprised if Sears isn't wound down in the next 3-5 years.
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