Quote:
Originally Posted by MRM
My understanding is that the guy who owns the hedge fund that bought Kmart bought it for its real estate and never wanted the retail business. That's why they never invested anything in the stores and let them wither on the vine. Last I heard the real estate play didn't work out and he lost a lot of money on the investment. Serves him right.
|
That sounds about right. The two stores around here are still sitting empty crumbling away. They were built on old landfills so they probably arnt allowed to build anything new there anyway I dont know.