... national retailers to default in one quarter. Last month, Sears Holdings refinanced $500M in debt in what credit rating ... a quarter of 28 total corporate defaults in that period. Sears Holdings (which also owns Kmart) has resisted declaring bankruptcy ...
... of the Chicago area's shuttered Sears. Seritage Growth Properties, the REIT established by Sears Holdings Chairman Eddie Lampert to ... lounge. Construction of the multiplex will begin next year. Sears has been an anchor tenant at Orland Square Mall since ...
... years,” says Matt McGinley from Evercore ISI. He says Sears’ asset sales have been made from a position of weakness ... and done mainly to simply fund operating losses, Bloomberg reports.Sears has suffered along with other retailers as the shopping ecosystem ...
... business structure, despite cost reductions over the past two years. Sears Canada sold three Canadian properties in its latest quarter for ... Canadian cents a share) it lost the year before. Sears Canada Executive Chairman Brandon G. Stranzi says he's pleased ...
... to show a 6.9% sales drop in Sears stores, and 7.2% decline in Kmart ... stores, Retail Dive reports. Sears tried to tap into its real estate assets with ... been able to right its sinking ship. Sears is losing market share to rivals, especially ...
... CEO in 2013, stock plummeted by 10%. Sears announced a profit between $155M and $205M ... deal to sell and lease back 254 Sears and Kmart stores to Seritage Growth Properties, ... . A class-action lawsuit filed by a Sears shareholder alleges the $2.5B deal mainly ...
The real estate spinoff of Sears Holdings will begin trading today ... and 31 JV interests from Sears, reports The Wall Street Journal. Sears announced the spinoff plans ... way to raise capital. Seritage’s purchase from Sears is expected to close on Tuesday, and ...
As part of its recent contraction — possibly its death spiral — Sears Holdings is closing its 78K SF anchor department store at ... . The last anchor standing at the shopping center is Belk. Sears closed its store in Eastridge Mall in Gastonia in late ...
Benjamin Schall will be the chief executive officer of Sears Holdings' new real estate investment trust, the company announced ... value of the underlying real estate,” Sears chief Edward Lampert said in a statement. Sears announced earlier this month that it ...
... considering the 1M SF of vacancy hitting the market from Sears and Toys R Us closings alone (which are hurting occupancies ... backfilling of large vacancies," Weitzman's Q2 report said. Three Sears mall-anchor stores and 600K SF of Toys R Us ...
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