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What's Left for Sears?
When hedge fund star Ed Lampert announced his bold plan to merge retail giants Sears Roebuck and Kmart in 2004, he downplayed the popular notion that he was really embarking on a massive real estate investment.
"I don't think any retailer should aspire to have its real estate be worth more than its operating business," Lampert proclaimed at the time.
So, what's all that real estate worth now? ...
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