Retail News
Sears to sell more stores to raise cash
CNBC 11/08/2017Sears 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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