Sears Holdings And Simon Property Group, Inc. Form A 50/50 Joint Venture To Unlock Real Estate Value At 10 Sears Holdings Properties At Simon Malls


Apr 13, 2015 HOFFMAN ESTATES, Ill. and INDIANAPOLIS, April 13, 2015 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) ("Sears Holdings") and Simon Property Group, Inc. (NYSE: SPG) ("Simon") announced that they have created a joint venture (the "JV") as part of Sears Holdings' continued efforts to unlock the value of its extensive portfolio of real estate holdings. Sears Holdings has contributed 10 properties located at Simon malls to the JV, including property leased to outside parties. Read more [...]

EPA Recognizes Sears Holdings with 2015 ENERGY STAR® Partner of the Year – Sustained Excellence Award


Sears Holdings recognized for its sustained leadership to protect the environment Apr 6, 2015 HOFFMAN ESTATES, Ill., April 6, 2015 /PRNewswire/ -- The U.S. Environmental Protection Agency (EPA) has recognized Sears Holdings (NASDAQ: SHLD) with a 2015 ENERGY STAR Partner of the Year – Sustained Excellence Award for its continued leadership in protecting the environment through superior energy efficiency achievements. Sears Holdings' accomplishments will be recognized in Washington, D.C. on April Read more [...]

Sears Holdings Announces Filing Of S-11 Registration Statement By Seritage Growth Properties


Apr 1, 2015 HOFFMAN ESTATES, Ill., April 1, 2015 /PRNewswire/ -- Sears Holdings Corporation (the "Company") (NASDAQ: SHLD) today announced that, in connection with its previously announced exploration of the formation of a real estate investment trust ("REIT"), Seritage Growth Properties ("Seritage"), a Maryland trust formed by the Company, has filed a registration statement on Form S-11 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC").  The Registration Read more [...]

Sears Holdings And General Growth Properties Announce 50/50 Joint Venture And Sale-Leaseback Involving 12 Sears Holdings Properties Located At GGP Malls


Apr 1, 2015 HOFFMAN ESTATES, Ill. and CHICAGO, April 1, 2015 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) ("Sears Holdings") and General Growth Properties, Inc. (NYSE: GGP) ("GGP") today announced that they have entered into a real estate joint venture (the "JV") under which Sears Holdings has contributed to the JV 12 Sears Holdings properties located at GGP malls, involving both existing Sears Holdings stores and certain property leased to third parties occupying former Sears Read more [...]

Blackstone to buy former Sears Tower in Chicago for $1.3bn


Willis Tower is second-tallest building in USNew owners hope to profit from popularity of observation decksThe Blackstone Group LP agreed on Monday to buy the Willis Tower, the former Sears Tower that for 25 years was the world’s largest building, in a deal that features an observation deck as a tourist attraction and unique revenue stream. The acquisition was valued at $ 1.3bn, making it the highest price paid for a US office tower outside of New York, according to MarketWatch, which first reported Read more [...]

The Craftsman Brand® Springs Into Season With Expanded Lawn And Garden Product Assortment Available At Sears


Latest Innovations Offer Reinforced Steel Deck Mowers and Powerful 40 Volt Cordless Tools Mar 9, 2015 HOFFMAN ESTATES, Ill., March 9, 2015 /PRNewswire/ -- The Craftsman® brand is introducing an innovative lineup of new lawn and garden equipment designed to help homeowners tackle a variety of lawn maintenance tasks – from lawn mowing to hedge trimming.  "From heavy-duty steel frames to outstanding cutting performance, we provide our customers with product solutions to help them achieve the Read more [...]

Sears Holdings Reports Fourth Quarter And Full Year 2014 Results


Feb 26, 2015 HOFFMAN ESTATES, Ill., Feb. 26, 2015 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) today announced financial results for its fourth quarter and full year ended January 31, 2015. As a supplement to this announcement, a presentation, pre-recorded conference and audio webcast are available at our website http://searsholdings.com/invest. In summary, we reported: Domestic Adjusted EBITDA of $ 125 million in the fourth quarter, which was an increase of $ 217 million over Read more [...]