Official: Sears at Twelve Oaks Mall is Closing?

[catch22]

The Novi closing leaves Livonia Marketplace as the single mall/shopping center-based location in all of metro Detroit [[Briarwood Ann Arbor could be included . . marginally).

Eddie Lampert had until 4PM this afternoon to line up financing and submit a formal offer to the bankruptcy court. That didn't happen, and his was the only offer--informal or otherwise.

Retail experts are surmising that the creditors will start moving in next week, and the 125 year old retail icon [[along with its 119 year old Detroit-born partner SS Kresge/Kmart) will be forced into liquidation.

Westland's Sears is still open [[and is not on the new closing list).

Briarwood's Sears was on the last batch of announced closings. Not sure of the closing date, but probably real soon now if it hasn't already.