Sears in joint venture with General Growth Properties

April 1, 2015 11:08 AM

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Sears has entered a joint venture with shopping mall owner General Growth Properties Inc. that will help it extract more value from its real estate holdings and increase its financial flexibility.

Sears has been taking a number of actions, including closing stores and selling assets, as it continues with efforts to turn around its business. The retailer has shifted its focus from running a store network to operating an online and offline business tied together by its Shop Your Way loyalty pro...

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