Sears, the department store that time, fashion trends, and shoppers forgot, is struggling nationwide. Decades of dwindling sales have put the once-great chain's future in question, but the company has proposed a radical strategy for its location at Aventura Mall that may signal the future of the company.
Sears execs want to redevelop the store into its own mall-within-a-mall. The store currently occupies 190,000 square feet attached to the mall but would scale its own store back to just 20,000 square feet. To put that into perspective, that would be about 5,000 square feet fewer than the H&M at Aventura Mall.
The current store would be demolished, and the rebuild would leave an additional 230,000 square feet to be filled by an open-air esplanade filled with other retail stores and restaurants.More »