2016 real estate taxes are typical due at the end of 2016 or early 2017, and Sears Holdings not only has to pay on sites they own but is also on the hook for paying the real estate tax on locations they lease. That means they are likely looking at property tax bills in excess of $100MM. Not looking good for Sears going into 2017.
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nearly 400m on the pension plus don't forget they pay taxes soon 170 closed properties too.. They do appeal taxes . Don't forget some new stores have tax deals to build the buildings and employ people.
nearly 400m plus don't forge they pay takes soon 170 closed properties too.. They do appeal taxes . Don't forget some new stores have tax deals to build the buildings and employ people.
Pension payments around $400 million due by end of the year.
One thing I do know: Sears is not aggressive at all in seeking property tax reductions through appeal or the courts on its properties. Competitors with newer buildings and uncracked parking lots are paying less property taxes per square foot in the same taxing district. Why is that? Sears doesn't pursue property tax appeals.
Don't know but they can't cut the sales commissions any lower on their employees for crying out loud.
How much is due on the pension at the end of the year? I believe that is a sizeable amount as well...