Sears hires real estate firm to shop around stores
Sears Holdings is dropping their dead weight. Bloomberg has reported that the retailer has hired real estate firm John Lang LaSalle to shop around about 500 of its U.S. stores. The good news is that they are already attracting strong interest from other retailers and mall owners. There is the possibility that properties could be worth more to creditors dead than alive, which could complicate Sears Holdings chairman Eddie Lampert's plan to buy the company and keep the stores open.
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