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Sears Is Selling Some of Its Stores Online

  • Apr 11, 2018
  • Marketplace In The News - Fortune

Add stores to the list of items Sears is selling online.

The struggling department store chain is selling 16 stores on the online auction site RealINSIGHT Marketplace, which is working in partnership with commercial real estate services firm Cushman & Wakefield.

The novel approach to selling stores is part of ongoing efforts by Sears Holdings, which also operates the Kmart chain, to extract money from its real estate to protect its financial liquidity amid chronic and deep sales declines. The stores being auctioned are for the most part connected to suburban malls and are located in Texas, Missouri, Indiana, Ohio, and Michigan.

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