Sears Bankrupcy. Its about time......YEs that is cruel
But the fact is they have sucked for a LONG time, and were taking up space. I hanvt been in a sears store for about a decade. No joke. Every about sears was just plain dated. It looked, smelled, and felt OLD.
Sentiments captured well below:
"Tenants which have failed to evolve in order to satisfy an increasingly savvy consumer do not belong in our assets," said Washington Prime Group CEO Lou Conforti in a press release on Friday.
Conforti added that the company now has 47 fewer Sears locations in its portfolio than it did three years ago.
In an unusually harsh critique from a public company CEO, Conforti mocked Sears for being a company hopelessly lost in another era.
Nobody should be surprised by the Sears bankruptcy "unless they own a few Zayre or E.J Korvette locations trapped in a space-time continuum where the Sansabelt clad relax on shag carpeting, illuminated by the warm glow of a lava lamp while they drink Tang and vodka and listen to The Moody Blues," Conforti said.
Ouch.
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Posted: 10/15/2018 at 7:36PM