Sears Bucking-up In The Survival Race
Broadline retailer Sears Holdings Corporation (NASDAQ:SHLD), which continues to face a cash crunch, heaved a sigh of relief by closing the sale of its 11 full line stores to General Growth Properties. The sale resulted in $270 million cash flowing toward the company. The 11 Sears stores located in Florida, Hawaii, Illinois, Iowa, Minnesota, Oklahoma, [...]
Broadline retailer Sears Holdings Corporation (NASDAQ:SHLD), which continues to face a cash crunch, heaved a sigh of relief by closing the sale of its 11 full line stores to General Growth Properties. The sale resulted in $270 million cash flowing toward the company.
The 11 Sears stores located in Florida, Hawaii, Illinois, Iowa, Minnesota, Oklahoma, Texas, Utah and Washington were sold as part of the company’s announcement in December 2011. The company announced to pull down shutters on 100 to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards