Wednesday, March 22, 2017


SEARS INFORMS INVESTORS IT MAY NOT SURVIVE

"Sears Holdings (SHLD), the holding company for the two iconic retail brands, warned investors late Tuesday that it can't promise it will stay in business."

Source: CNN

Brownsville got lucky that it was McAllen to lose JCP and not Brownsville.  Foot Locker has announced it will close another 100 stores in 2017.  If Sears closes, Brownsville Mall will be on a downfall from which it may not recover.  The list for Foot Locker closings has yet to be published.

I get it, our city commission fails to understand basics.  But we must make saving the mall an election issue.  I know people hate tax abatements or discounts, but we must begin the process of meeting with the mall owners and stores to find out what needs to be done to insure the mall's future.  But trust me I know the idiots who run Brownsville, the reality of a mall closing is not even on their minds.

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