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yes, we understand that. The question is why are the doing it and how they chose which stores to sell. If it is such a great practice, why not sell all of them. I know it gives them greater flexibility to close those stores and is way to raise cash without having to go to the banks.
They are just selling the buildings and BP is leasing them back.
dont worry the bowling alley, laser tag , and bumper cars @ the hamburg store will bring in all the revenue they need along with the pizza shop instead of the restaurant. Hhmmmm bison and elk pizza sound good.
I have heard and seen other large retailers do the same thing, Need to be careful not to read to much into it though
It's not the first time they've done this. While cash flow issues could be a factor, it's not likely the only thing driving this decision. There are several advantages to a leaseback strategy (increased cash flow is one of them).
Sounds like BP is having cash flow issues.Why else would you sell real estate to lease back.
Many saw this coming, more than several, thanks.