Retail News

Sears to sell more stores to raise cash

CNBC 11/08/2017

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.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!