Sears to sell more stores to raise cash
November 8, 2017
Sears Holdings has reached an agreement with Pension Benefit Guaranty Corporation that will allow it to sell 140 Sears locations in exchange for a contribution of $407 million to Sears’ pension plans. Sears also pre-announced its third-quarter earnings saying the company’s same-store sales fell 15.3 percent during the period.
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