In almost every case, department stores at malls are not paying rent.
They built, and own their buildings, and often the parking lots closest
to their stores. It actually is a big pain in the butt for mall owners,
because the department stores have veto power over new construction at
the mall that might have an impact on the department stores, even when
the impact is minimal. We're going through that at the mall near me,
where there are actually four different owners, Sears, JC Penney,
Federated, and Evershine (mall owner), and everything the mall owner
wants to do is subject to approval by the department store owners.
The department stores really can't do anything else with their mall
stores except to continue to operate them, or try to sell them to
another departments store chain. The zoning is such that they can't just
run out and tear down the store and build condos.
But, the "merger" was instigated by K and they paid something like $11B.
Each S and K maintain separate "headquarters" under the auspices of
the holding company.
What always seemed peculiar to me in the deal was if K was indeed
bankrupt, how there were $11B in assets that didn't go to
creditors--seems as if there were those kind of "extra" assets after the
liquidation/reorganization it would be hard to say were actually
"bankrupt". But, I guess it all depends on what the meaning of "is"
I've got kind of a funny story about Sears...at best they were an
unknowing victim of their ad agency, at worst they were knowingly
I have a friend who lives in one of the more upscale neighborhoods in
our area. Real nice house, beautiful landscaping.
One Sunday morning she's enjoying a cup of coffee while flipping
through the ad's in the paper. She comes across the Sears insert and
right there on the front page is a picture of her house along with
some text extolling the quality of Sears roofing and siding services.
The thing is, Sears had nothing to do with siding or roofing their
house. It was all done by the custom builder they used for the rest of
the house. Now, the ad never said "Here's an example of our work", but
it was obvious that whoever put the ad together wanted to make a real
As it turns out, the husband is a lawyer, so he wrote a very nice
letter asking Sears to stop using his house in their ads. Next week's
flyer had a different house in the ad.
Another plug for them you may not know about. They do *excellent* work
helping FPO AP customers in remote areas order products and they do not
charge more than stateside mailing.
Since mailing to an FPO AP doesnt cost more (just taes longer) this is
correct behavior. Most however, treat us as 'overseas' and charge quite a
bit extra and bank the profit.
Not quite right -- it may not cost you or I more to mail to an APO, but it
costs many companies a LOT more, because their shipments to U.S. addresses
are highly discounted. Here's why -- companies such as on-line or TV
shopping channels like HSN use a trucking company, not the post office, to
move goods from their warehouse to the buyer's local post office . The
local post office delivers the package at a special discounted rate. The
combined costs of shipping plus local postal are less than using USPS from
the shipper's warehouse..
But they can't use this method to ship to APOs because their trucking
company can't get there, so they either have to set up a separate shipping
procedure for APO mailings -- making the overhead and the shipping for APO
orders more expensive, or make a business decision not to sell to APO
If you ever have an order from HSN that doesn't get delivered, and trace it
back to the post office, you'll find out that it was delivered to your local
PO by R R Donnelly Logistics. Other on-line or TV sellers have similar
Companies which use FedEx, UPS, etc. have similar problems delivering to
Chuckle. At work, for anything too big for the APO bag, we use DHL or
FEDEX into their depots in Bagram or Baghdad. Street addresses are kind
of fuzzy over there- our people often have to go pick it up themselves.
Shipping equipment into SWA is a major PITA- every border crossed, there
is some form to fill out, and some sort of 'inspection fee' or 'duty' to
pay. And if you piss off the head of whatever border station, well, your
stuff just sits. About 2 shipments out of 10 just sort of vanish without
If you want the war to last forever, support Sears & Bush. If you want
the war to end, boycott Sears. Let those dumb enough to fight wars for
Halliburton pay the price.
Free men own guns - www(dot)geocities(dot)com/CapitolHill/5357/
Sadly, the social liberals are responsible for the war lasing a long time.
Due to imposed "humanitarian" concerns imposed upon the rules of engagement,
our forces are precluded from killing off the goblins faster than they can
breed. Attrition is no longer a viable option.
What war? I happened to be in San Diego three years ago when the
President stood on the deck of an aircraft carrier in his camouflage
suit to tell us that our mission in Iraq had been accomplished and the
war was over. I always believe what the President says. It's
unpatriotic not to.
You're trying to provide facts to those who prefer to not to hear. What is
so hilarious, though, is that those same folks will scream bloody murder
whenever someone brings up Algore's "I created the internet" moment.
No, he made his speech standing in front of a HUGE banner hung by his advance
crew that said in letters several feet tall: MISSION ACCOMPLISHED
Later, his spin crew tried valiantly to convince the media that they had nothing
to do with that huge banner that "Just happened to be there".
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