How a financial wizard took over a giant of American retailing, and presided over its epic decline.
Sears is closing its final store in Chicago, the city it called home for more than a century.
Highlights, Quotes, Annotations, & Marginalia
The Six Corners store, like more than 100 other Sears locations, is owned by Seritage Growth Properties, a real estate company controlled by Sears Holdings CEO Eddie Lampert. Seritage, which is publicly traded, has a market value nearly 10 times greater than Sears Holdings. ❧
Interesting to see the interaction between Sears Holdings and Seritage. The value is apparently all in the real estate.