twice connect

Sears Completes Sale Of 11 Stores

4/18/2012 09:59:13 AM Eastern

Hoffman Estates, Ill. - Sears Holdings has completed the
previously announced sale of 11 full-line Sears stores to General Growth
Properties for $270 million.

Sears owned six and leased five of the locations, which will
continue to operate into 2013 or 2014. Final closing dates will be determined
and announced later this year.

Each store was part an existing property of General Growth, a
Chicago-based real estate investment trust.

The move is part of Sears'
to raise cash and close upward of 120 Sears and Kmart stores, 43 of
its independently owned Hometown stores, 10 neighborhood hardware stores, and
spin off its remaining specialty store locations.

NATM Annual Meeting

Besides the usual business of planning out the

Ultra HD OLED TVs In IFA Spotlight

At IFA, all Ultra HD makers are quickly expanding

Jack Wayman, the Father Of International CES

Tributes continue to pour in for Jack Wayman, who

Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in