Thread regarding Sears layoffs

Sears/Kmart to sell 140 locations

Story here:

https://www.cnbc.com/2017/11/08/sears-same-store-sales-q3-2017.html

Sears Holdings has reached an agreement with the Pension Benefit Guaranty Corp to sell up to 140 properties in order to help fund the pension. This will almost certainly mean a fresh wave of closures (or several). The properties that would be sold haven't been identified, but I would imagine that this would have to include many of the most desirable locations, if they expect to receive a decent amount of money for them.

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Post ID: @OP+Q9iLxcO

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They have to be owned properties, you can't sell a leased store, the article doesn't say what properties

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Post ID: @mob+Q9iLxcO

Any word as to are these Sears only? Are they only selling company owned store or any leases too?

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