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Sears Offloads Real Estate in Leaseback Deal

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

In a scenario that has become familiar as department stores look to downsize and monetize excess real estate, Sears Holdings has entered into a deal to sell four of its stores. Washington Prime Group announced Monday plans to acquire the Sears locations along with their adjacent Sears Auto Centers for $28.5 million. The transaction, which…

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