Wednesday, December 02, 2009
Sears the REIT
KMart 1,321 discount stores, averaging 92,000 square feet
KMart 47 Super Centers, averaging 166,000 square feet
Sears 929 broadline stores averaging 133,000 square feet
Sears Essentials/Grand 73 stores averaging 115,000 square feet
Specialty stores 1,233 averaging 8,700 square feet
Grand total: 272 million square feet of retail space. Monuments fall.
This on the recent news of so many REITs exploding on stock values. Suckers.