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JUL 06, 2015 - Boston Herald

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Sears' REIT goes public as others consider similar moves

NEW YORK — Seritage Growth Properties, the real estate spinoff of Sears Holdings Corp., made its debut Monday on the New York Stock Exchange and estimated that it had raised about $1.6 billion from the offering.Sears, which is dealing with slumping retail sales, formed the real estate investment trust to extract more revenue from its properties. It plans to sell ...

Tags: Sears' REIT goes public as others consider similar moves,  Kmart Latest News

JUL 05, 2015 - Benzinga

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Credit Suisse: Sears REIT Seritage Asset Quality 'Better Than Expected'

Sears Holdings Corp (NASDAQ: SHLD) new REIT Seritage Growth Properties, is anticipated to start trading July 6, on the NYSE under ticker symbol SRG. Seritage will initially consist of 266 properties, totaling ~42 million square feet of "boxes," with Sears and Kmart as the primary tenants.

Tags: Credit Suisse: Sears REIT Seritage Asset Quality 'Better Than Expected',  Kmart Latest News

JUL 02, 2015 - TheStreet

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Best July 4th Sales 2015: Shop Red, White & Blue

NEW YORK (MainStreet) — "With liberty and sales for all!" O.K., those aren't exactly the closing words from the Pledge of Allegiance, but shoppers are certainly enjoying a surge of empowerment this week. In honor of our nation's independence, major retailers are offering deep discounts on everything from swimwear, clothing and accessories to outdoor gear, appliances and bedding. To help you ...

Tags: Best July 4th Sales 2015: Shop Red, White & Blue,  Kmart Latest News

JUN 24, 2015 - TheStreet

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Selling Off Real Estate Becomes Popular Option for Restaurants, Retailers

NEW YORK (TheStreet) -- News that Darden Restaurants  will be spinning off some of its properties into a real estate investment trust has left investors and market experts wondering which restaurant or retailer could be next. "More and more of these companies see a lot of value locked up in real estate assets that isn't being realized when it's part of ...

Tags: Selling Off Real Estate Becomes Popular Option for Restaurants, Retailers,  Kmart Latest News

JUN 24, 2015 - TheStreet

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5 Big Retailers That Are Shrinking in the U.S.

NEW YORK ( TheStreet) -- Struggling retailer Gap isn't the only one slowly receding from malls across the country. On June 15, Gap joined a sizable list of big-name retailers such as Sears and Abercrombie & Fitch to shutter stores en masse to combat pressured profits. Gap said it will close about 175 Gap brand stores in North America over the ...

Tags: 5 Big Retailers That Are Shrinking in the U.S.,  Kmart Latest News