Thread regarding Sears layoffs

9 Michigan Sears on the list of Ring Fenced properties released from protection




Battle Creek

Traverse city

Sterling Heights




Remic properties

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We aren’t closing the ring fence stores. We are acquiring a line of credit against them.

Amazon wants to keep those in the deal.

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a list WAS put out in November when the properties were released but you are correct it was probably the same list that was originally put out when the properties became REMIC and protected from 3/16. I never said a NEW list. So your right you feel better now?

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Some of those are in good malls, such as Novi (Twelve Oaks), Dearborn (Fairlane), and Grandville (RiverTown), while Traverse City is in a demalled mall that also used to have Kmart (Cherryland)

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there was no new list released in November! The list is actually from 3/16

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So what are you saying this is nothing new? That list of 140 with these 9 mich properties came out in November. What's your point?

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I don't think all the ring fenced stores need to be closed to fund the pension. It depends on how much they are sold for, also some could continue to operate under a lease.

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