Video by CNBC

The Red Tea Detox

In case submitting for Chapter 11 chapter wasn’t sufficient of an indignity for Sears, the most important mall proprietor in America is signaling to buyers that malls will likely be higher off with out the storied retailer.

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Simon Property Group Inc. CEO David Simon on Thursday addressed Sears’ long-awaited resolution to hunt chapter safety, a typical precursor to liquidation. The corporate is closing no less than 142 shops.

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Simon paused to be mournful. 

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“It is a tragic set…



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