Monday, October 29, 2018

Eastern Hills Mall Sears Closing

One of Buffalo's two last remaining Sears stores was announced to close prior to the bankruptcy announcement. This location is the Eastern Hills Mall in Williamsville, leaving just the Blasdell McKinley Mall location to serve the region alone. Bankruptcy documents suggest that store too may close leaving just a lone Kmart in Buffalo. Anyways, here's a look at the store during its final months: 


























Goodbye Sears

While a move to Chapter 7 bankruptcy isn't out of the question, it is in Eddie Lampert's best interest in keeping both Kmart and Sears alive. He has given too much of his personal fiancees and time to see the brands come to a sudden end. While he is no longer in charge at Sears Holdings, there are plenty of indications that he and/or his company ESL plans to be a bidder to buy around 400 Sears and Kmart locations that are the most profitable remaining and keep these 400 or so locations open. At the time of declaring bankruptcy, Sears had around 800 stores. 

2 comments:

  1. These days, I don't blame Lampert for the downsize of Sears anymore. He tried not the get this company into bankruptcy but the board didn't allow it. The board is more damaging to Sears and Kmart than anyone else.

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    Replies
    1. There's blame to go around on everybody. Eventually, had the board not stepped in, there would be nothing left to save.

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