News & Events

News & Events

11.23.2004

Morgan Weighs in on Kmart-Sears Deal in Dow Jones News Service Article

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Michael Morgan was quoted in a November 14, 2004, Dow Jones News Service article that appeared in newspapers and on websites worldwide. In the article, “Kmart’s Buy Of Sears Is About Real Estate, Not Retailing,” by James Cover, Morgan explains how perhaps the greatest value of the newly combined company of Sears and Kmart is its shared real estate portfolio. Both companies have properties which have become highly desirable to retailers, such as Target and Home Depot, in tight real estate markets where mall-based space is at a premium.