image: Getty Images

Sears putting more than a dozen stores on online auction block

April 12, 2018

Sears’ store properties — purchased decades ago, when it was fashionable for retailers to own their own real estate to control costs and determine their own fate — have been sold off in large and small chunks in recent years.

In 2015, Sears spun off hundreds of properties into a REIT that is chaired and partly owned by Sears CEO Eddie Lampert. The past and present property sales are part of a larger strategy to cash in on some of the retailer’s most valuable assets to clot financial bleeding and, as Lampert and his team have pledged, return the company to profitability.

Read More on Retail Dive