Sears To Consider Real-Estate Investment Trust
On Friday, Nov. 7, Bloomberg reported another turn in Sears Holdings Corp.’s story: the company has begun considering selling 200 to 300 stores to a newly formed real-estate investment trust. According to the report, spinning off the property into a real-estate investment trust could generate $1.8 billion to $1.9 billion. Sears would then lease the
Sears Denies Reports of Closing Stores
Sears Holdings Corp. discredited Thursday’s report that said it will be closing more than 100 stores and auto centers, and cut nearly 5,500 jobs in the U.S. Seeking Alpha, a financial news and market tracker, cited liquidation notices and employee communication sent out last month that announced the closures of 31 Sears Auto Centers, 46
Report: Sears Closing 100 U.S. Stores and Auto Centers
Reuters reported yesterday that Sears Holdings Corp. will close more than 100 stores and auto centers, and cut nearly 5,500 jobs in the U.S. in its latest moves to remain viable. Citing Seeking Alpha reports of liquidation notices and employee communication, Reuters said that most of the closures and job cuts are slated to come
