Sears Gets Additional Funding, Sets Store Closures
For the second time in less than a week, Sears Holdings has entered into a secured loan facility with the funding deriving from an investment company owned by its CEO.
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Nordstrom Reopens In Honolulu, Launches New Rack Stores
Nordstrom has opened the doors to a new, relocated store at Ala Moana Center in Honolulu. The company also will…
Sears Holdings Narrows Loss In Q3 But Sales Continue Slide
Sears Holdings Corp., for the third quarter ended October 31, posted a company net loss of $454 million, or $4.26…
Sears Q2 Net Income Up, Sales Down
Second quarter sales at Sears Holdings were down, but the company reported positive net income for the period ended August…
Sears Forecasts Q2 Profit, But Comps Continue Decline
Sears Holdings Corporation has provided an update on its second quarter performance, asserting that its results will show improvement and…
Sears Holdings Completes Seritage Transaction
Sears Holdings Corp. reported that it closed its right offering and sale-leaseback transaction with Seritage Growth Properties, a recently formed,…
Sears Holdings Q1 Earnings Can’t Keep Pace With Expectations
For the first quarter ended May 2, Sears Holdings Corp. posted a net loss of $303 million, or $2.85 a…
Sears Holdings: Schall Named Seritage CEO
Sears Holdings Corp. has announced that Benjamin Schall has been named Seritage Growth Properties CEO, effective May 4. Seritage is…
Sears Names Final Two Stores In Primark Deal
Under terms of a lease agreement entered last year with Primark, a European fashion retailer, Sears Holdings Corp. has named…
Sears Continues Store Lease-Back Initiatives
Today, Sears Holdings Corp. and Simon Property Group, Inc., announced that they have created a joint venture under which Sears…
Sears Forms REIT, Expects $2.5 Billion Result
Sears Holdings Corp. has announced that it would sell 250 properties to Seritage Growth Properties, a new real estate investment…