CBL & Associates Properties Inc (CBL)

[sabaidii2]

That's good news (that only 1 of the mentioned 46 stores to be closed by November is in CBL's portfolio).

I live in Santa Cruz, CA, near one of Sears stores to be closed in Capitola. The store is a Zombie: more than half its floor space is curtained off with truly funky cloth screens. The mall, in which it's located, will be better off with the Sears store finally put to rest.

Now, the mall, as a whole, also has more empty shop spaces than at any time I can remember since 2008. My area, btw, is within commute distance from Silicon Valley - which is booming employment-wise. The same problem is evident even in some malls located directly in Silicon Valley. Make of that what you will.