Your shuttered Sears store could soon be demolished. Here's why [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Sarah Whitten | CNBC New Dave & Buster's location in Wayne, New Jersey takes over the second story of a Sears location at Willowbrook Mall If a Sears store near you has already closed or is in the process of closing, it's likely the owner of that property will opt to demolish it rather than find someone to fill the space. The bankrupt department store chain has already said it will shut 142 stores by year's end. And its future while it's in bankruptcy court proceedings is still uncertain, with a total liquidation being one potential outcome. That would mean more than 500 additional Sears and Kmart stores going dark. As mall owners look to find new tenants to replace Sears, the process likely won't be so easy. Sears stores are typically more than 100,000 square feet in size and can span multiple levels. There are few department store chains — or any retailers — still growing today that would fit directly into that space. Some, if not a ton,
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- 4/26/24 - Form DEF
- 4/26/24 - Form DEFA14A
- 4/25/24 - Form 10-Q
- CMCSA's page on the SEC website