... positive effects for our community for years to come.” Transformco, Sears’ parent company, had been shopping the site since late ... known at the time. In the past several years, Sears has shuttered almost all of its locations, including former stalwarts ...
... air shopping centers "for more flexibility" and parking convenience, Sears and Kmart Chief Brand Officer Peter Boutros told CNBC. ... in October. After a tense bankruptcy court battle between Sears Chairman and CEO Eddie Lampert and the companies' numerous ...
... company that mostly held retail — many of whose tenants were Sears and Kmarts — into a more diversified real estate company. New ... York-based Seritage no longer has any former Sears or Kmart sites. Earlier this year, it was reportedly considering ...
... spun off 266 properties, the locations of some of Sears most profitable stores, into Seritage Growth Properties as a ... dividends to its investors — Lampert and the others — while Sears’ financial condition continued to worsen. The suit alleges that the ...
... if they were vacated. Declining foot traffic means that Sears can't provide the benefits anchor retailers are supposed to ... provide neighboring tenants, as malls including Sears saw less year-over-year growth in Black Friday shoppers ...
... the closure of 63 stores: 48 Sears and 15 Kmart locations in 29 states ... locations slated for closure by September include Sears at Golden Triangle Mall in Denton, Music ... is at 5000 San Dario in Laredo. Sears announced a similar list of underperforming stores ...
... $2B to Seritage Growth Properties, the real estate spinoff of Sears Holding Co., the Wall Street Journal reports. The loan is ... after wave of store closures to shed expenses, analysts believe Sears has been in danger of entering bankruptcy for some time ...
... in jeopardy. Under a deal negotiated in 2011 to keep Sears Holdings in Hoffman Estates, the company would receive an average ... selling its Craftsman home tools brand and real estate assets. Sears Holdings Chairman Eddie Lampert in March acquired a $200M stake ...
... closures Tuesday, which include 49 Kmart stores and 16 Sears. For years Sears has struggled with declining sales, and in December the ... cut its total store count nearly in half. In February Sears announced plans to close 180 stores over the course of ...
... closures would play a big role in achieving this goal. Sears also sold its Craftsman tool brand to Stanley Black & ... Decker for $900M. The latest news comes as Sears reported another quarter of disappointing earnings. Sales plunged 11.5 ...
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