CBL Announces Mixed-Use Redevelopment for Hamilton Place Mall to Replace Sears
Chattanooga, Tenn. — CBL Properties is planning to redevelop a Sears building at its Hamilton Place mall in Chattanooga into a mixed-use project.
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Sears to Close 72 More Stores
Hoffman Estates, Ill. — In its first-quarter results released today, Sears Holdings Corp. says that it has identified approximately 100 non-profitable stores, 72 of which will begin store-closing sales in the near future.
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Sears, Kmart, Macy’s Unveil List of Store Closures for Early 2018
Hoffman Estates, Ill. And Cincinnati — Sears Holdings Corp. has announced that 64 Kmart stores and 39 Sears stores will close nationwide between March and early April of this year.
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Sears to Close 63 Stores in January
Hoffman Estates, Ill. — Sears Holdings Corp. will close 63 stores in late January. Of the store closures, 45 are Kmart stores and 18 are Sears locations.
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CBL & Associates Acquires Five Sears Stores, Two Sears Auto Centers for $72.5 Million
Chattanooga, Tenn. — Chattanooga-based CBL & Associates Properties Inc. has closed on a sale-leaseback transaction for five Sears department stores and two Sears Auto Centers located at CBL-owned malls for $72.5 million.
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‘Challenging Retail Environment’ Prompts Macy’s, Sears to Shutter Stores
Cincinnati and Hoffman Estate, Ill. — Macy’s Inc. (NYSE: M) and Sears Holdings Corp. (NASDAQ: SHLD) both announced Wednesday plans to close a large number of department stores in an effort to improve their long-term operating performance.
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Sears Holdings to Close 78 Kmart, Sears Stores This Summer
Hoffman Estates, Ill. — Sears Holdings will close 68 Kmart and 10 Sears stores this summer, 23 of which are located in the Midwest.
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Sears to Open Flagship Connected Solutions Location in San Bruno
San Bruno, Calif. — Sears has announced the opening of a 4,000-square-foot flagship Connected Solutions location at The Shops at Tanforan in San Bruno.
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Time Equities Buys 379,630-Square-Foot Shopping Center in Monroe, North Carolina
Monroe, N.C. — Madison Marquette sold the 379,630-square-foot center.
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Redevelopment Begins at Stratford Square Mall near Chicago
Bloomingdale, Ill. – The property was developed in 1981.
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