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Sears Takes to Online Sales

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

Sears to Auction 16 Stores

Sears couldn't quite figure out the online shopping thing but when it comes to selling some assets online to raise some cash, it's no issue for Eddie Lampert. That was Wednesday, as the struggling department store chain said it would auction off 16 of its retail stores online, using the real estate services of Cushman & Wakefield Inc. and RealINSIGHT Marketplace. The firms said that about 200 groups have expressed interest and those parties include developers, retailers and real estate investment funds. If only it could get that many people actually into the stores. OK, now to the markets.

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