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Adaptive Reuse Opportunities for Big Box Retail » 13SEARS2-web-master1050 Photo

Chicago based Sears Roebuck as it was formerly known, accumulated assets of $7 billion US and had over 170,000 employees. It also operated Kmart stores, is now in the process of liquidating or filing for bankruptcy. In the past it had a mail order catalogue operation that in many respects was the forerunner of online shopping, its own credit card, an extensive brand of appliances and thousands of retail operations in Canada and the US. The firm actually created many retailing innovations we take for granted today.[In some respects to firm failed to keep up with changes in consumer preferences and technology.] Today most of the stock value has evaporated however many building assets are being sold, transferred or in some cases re-purposed or reconfigured. [In many cases the firm anchored large shopping malls as a major tenant and in many cases the space is being re-leased.]

Chicago based Sears Roebuck as it was formerly known, accumulated assets of $7 billion US and had over 170,000 employees. It also operated Kmart stores, is now in the process of liquidating or filing for bankruptcy. In the past it had a mail order catalogue operation that in many respects was the forerunner of online shopping, its own credit card, an extensive brand of appliances and thousands of retail operations in Canada and the US. The firm actually created many retailing innovations we take for granted today.[In some respects to firm failed to keep up with changes in consumer preferences and technology.] Today most of the stock value has evaporated however many building assets are being sold, transferred or in some cases re-purposed or reconfigured. [In many cases the firm anchored large shopping malls as a major tenant and in many cases the space is being re-leased.]


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