K-Mart bought out Sears...most people don’t realize this...they think Sears took on K-Mart.......they do so hoping to revive the K-Mart chain from it’s fall....it didn’t work.
Now they’re both going down.
The most valuable asset that Sears had was its property. I think that was the main reason K-Mart bought it. That deal was a real estate play. It’s obvious that k-Mart has no interest in running Sears as a going concern. At many mall locations, Sears owns the building and the land it sits on, not the mall owner.