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Sears Offloads Real Estate in Leaseback Deal

Biodegradability or recycled? Carbon inset or carbon offset? Blockchain or chasers? Get the definitions and relative advantages of each, and learn how to address your company’s specific impacts and goals. Join us July 29 for our Sustainability FAQs Workshop with Gap Inc., SAC, Fashion for Good, Accelerating Circularity, Lectra & Cotton Incorporated.

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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