When Sears Finally Gives Up The Ghost, Redevelopment Opportunities Will Be Up For Grabs
What will become of Sears' real estate if lenders' push for liquidation is successful?
What will become of Sears' real estate if lenders' push for liquidation is successful?
Sears is down for the count this time, and it probably won't be getting up.
Amazon could be filling empty Sears locations across America with Whole Foods stores, a move that would be emblematic of retail's recent changes.
Sears officially filed for bankruptcy Monday in response to years of financial struggles and a mountain of debt it has been unable to pay down.
Sears' presiding bankruptcy judge could decide to seal its fate by approving liquidation, or give Lampert’s firm more time to shore up its bid.
Eddie Lampert has staved off Sears' total liquidation thanks to a last-ditch deal with company leadership, but some mall landlords want those stores closed.
Fresh out of bankruptcy, Sears is attempting to adapt to the retail trends that left it behind with smaller, more focused stores in open-air locations.
Sears filed for Chapter 11 bankruptcy last year.
Sears is suing Eddie Lampert and others, accusing them of taking $2B from the retailer.
Seritage Growth Properties presented new details last week on its planned redevelopment of the Sears at Bowie Town Center in Prince George's County.
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