Sears To Return 3 Canadian Stores
Sears Canada Inc., an arm of Sears Holdings Corporation (NASDAQ:SHLD), which continues to face a cash crunch, heaved a sigh of relief by closing a deal to return its three stores in Canada to the real estate developer and landlord, The Cadillac Fairview Corporation Limited. The deal will generate pretax income of $170 million to [...]
Sears Canada Inc., an arm of Sears Holdings Corporation (NASDAQ:SHLD), which continues to face a cash crunch, heaved a sigh of relief by closing a deal to return its three stores in Canada to the real estate developer and landlord, The Cadillac Fairview Corporation Limited.
The deal will generate pretax income of $170 million to Sears Canada. The three Sears stores are located at the Rideau Centre in Ottawa, Chinook Centre in suburban Calgary and the Pacific Centre in downtown Vancouver, all owned … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards