Sears Holdings Corp is setting up an REIT for 254 stores in the hopes of raising over $2.5B from shareholders.
Sears Holdings Corp. and shopping-mall owner Macerich Co., have formed a joint venture to take over 9 Sears stores in Macerich malls.
Sears Canada has finalized a deal for the sale and leaseback of three properties to Concord Pacific Group
Seritage Growth Properties, the real estate spinoff of Sears, begins trading on the NYSE today and estimates about $1.6B in its rights offering.
Declining same store sales tempered the news about Sears' profits.
Despite falling sales, Sears Canada reports positive profit in its Q2 thanks to real estate sales.
Sears Canada has reached a deal with Tamworth Properties for the sale-leaseback of its Vaughan distribution centre for $100M.
Sears Holdings announced plans Tuesday to close 50 stores and sell off $300M in assets in the first half of 2016, in a bid to revive the struggling retailer.
As Sears posts a $580M Q4 loss, the company’s chairman Eddie Lampert has an optimistic message for retailers everywhere: We’re all screwed.
Sears Canada has assigned eight Sears Home store leases to Leon's Furniture Ltd.
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