Simon Says ‘Put Sears In The Rear-View Mirror’
- It’s really sad, as David Simon puts it, “it’s a tragic set of events that a company that’s been around for so long is in this state of affairs.”
- “We’re putting Sears in our rear-view mirror… we think this is a unique opportunity…” David Simon.
- So yes, let’s put Sears in the rear-view mirror so Mr. Market can recognize this blue-chip REIT for its premium brand.
On the third quarter earnings call last week, Simon Property Group’s (SPG) CEO, David Simon, said:
…we’re putting Sears in our rear-view mirror… we think this is a unique opportunity… We’re going to generate positive momentum with the properties due to this. We’re going to reinvest in the communities… We’re going to be able to drive traffic now from this box.”