Wednesday, January 4, 2017

Sears closing more stores as game of financial Jenga continues

Image result for sears closingsSears has moved two more pieces in its game of financial Jenga.

Seritage Growth Properties, the real estate investment trust that Sears CEO Eddie Lampert spun off from the retailer, said in an SEC filing Wednesday that Sears had exercised its right to terminate the leases on 19 unprofitable stores.. . . more

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