Four Retailers That Could Benefit From Shuttered Sears Stores
Sears' store closures could be good news for these four retailers.
Sears' store closures could be good news for these four retailers.
Sears has called Chicago home for 120 years. Now it will have no stores in the Windy City.
Sears' former Midtown location will be the start of Houston's new push for innovation.
Sears has announced the closure of an additional four stores in Texas, plus the closure of a Kmart in Laredo.
Weitzman's DFW Q2 retail report
Sears is experimenting with Kmart locations inside Sears stores.
Sears has defaulted on a major loan, making it the ninth retailer to do so in Q1 — an all-time record for one quarter.
Berkshire Hathaway has agreed to lend $2B to Seritage Growth Properties, Sears' real estate spin-off, to help pay off its mountain of existing debt.
Sears Holdings stock has lost 68% of its value this year, and its plan to close 46 more stores does nothing to dispel speculation that the end is near.
In the wake of a poor Q1, Sears plans to shut even more stores.
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