Sears Inks Real Estate Deal for Certain Sites for $62M

Sears Holdings Corp. is selling a combination of real estate assets to Amerco Real Estate Co. for $ 62 million.
The retailer said it had been in talks with potential buyers for certain assets, and had determined to sell to Amerco just before its voluntary Chapter 11 petition for bankruptcy court approval on Oct. 15. The discussions yielded an agreement in principal, but no executed agreement memorializing the contract’s terms until this past Thursday.
The property that will be sold includes 12 parcels of land that either is now occupied by or in the past housed a Kmart store and one location houses a Sears store. Included in the transaction are six commercial leases, all of which are leased to Sears or one of its debtor affiliates.
In a court document seeking approval for the sale, Sears said “three locations are ‘dark’ and six locations have negative EBITDA [earnings before interest, taxes, depreciation and amortization]. Although the remaining four locations are generating positive EBITDA, the purchase price being paid by [Amerco] warrants proceeding with the sale.”
The parties have entered three-month occupancy agreements for 10 of the 13 parcels that provide for Sears to pay related real estate taxes and water and sewer charges and

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How Important is Cyrus Capital in the Sears Bankruptcy?

Rumblings that ESL Investments and Cyrus Capital Partners are partnering for a bid for bankrupt Sears Holdings Corp. sent shares of the retailer up 18 percent.
Those rumblings first surfaced about a week after the retailer filed its voluntary Chapter 11 petition for bankruptcy court protection. ESL is the hedge fund run by Edward S. Lampert, who is also chairman of Sears. Lampert has been looking for an investment partner to help him with a bid for the retailer. There was also speculation that Cyrus had been in discussions to provide junior debtor-in-possession financing of $ 300 million, but then talks seemed to have stalled earlier this month.
Cyrus already held some of Sears’ debt at the time of the filing, and on Tuesday at the last minute managed to edge out Great American Capital Partners as the junior DIP financier with a $ 350 million loan at a better interest rate.
Shares of Sears, which now trade on the over-the-counter exchange, on Wednesday closed at 36 cents. Intraday trading went as high as 44 cents on the rumor of a joint bid from Cyrus and ESL. That’s because the two can make a credit bid for Sears, meaning that the dollar value of their

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Sears Has Filed for Bankruptcy, but Its Mortifying ‘Husky’ Jeans Endure

Despite the fact that few men look fondly on their days in ‘husky’ jeans, this not-so-nice descriptor persists everywhere from Gap to Children’s Place to Levi’s. But, isn’t there a better name than ‘husky’?
WSJ.com: Lifestyle

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Sears Set to File for Bankruptcy, With Its Survival in Question

As Sears plans to file for chapter 11 protection, the big question is whether a smaller Sears emerges from bankruptcy or whether the filing leads to a liquidation and a final end to the storied chain.
WSJ.com: US Business

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Edward Lampert’s Non-Strategy to Save Sears

The hedge-fund veteran spent far less than his rivals on store remodels and expansion, and was reluctant to commit capital to fresh ventures.
WSJ.com: US Business

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Sears, Lenders Nearing Deal to Keep Some Stores Open

Sears Holdings is inching closer to a deal with lenders about a bankruptcy plan that would close at least 150 stores and provide a lifeline loan to keep a small footprint of around 300 locations open.
WSJ.com: US Business

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Big Lenders Make Push to Liquidate Sears

Some of Sears’s biggest lenders are pushing for the troubled retailer to liquidate rather than try to reorganize through the bankruptcy process
WSJ.com: US Business

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Sears CEO Pushes a Rescue Plan to Avoid Bankruptcy

CEO Edward Lampert wants creditors to restructure about $ 1.1 billion of debt due in 2019 and 2020.
WSJ.com: US Business

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Sears CEO Calls for Breakup, Offers to Acquire Kenmore

Edward Lampert is once again carving up Sears in a bid to save his retail empire, offering to purchase the Kenmore appliance brand and other Sears units after the struggling company was unable to find other buyers.
WSJ.com: US Business

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Sears to Close Last Chicago Store

Sears Holdings Corp. is set to close its last Chicago store in the city where the retailer opened its first store back in February 1925.
The last surviving Sears store in Chicago is located at the area known as “Six Corners,” the intersection of Milwaukee, Cicero and Irving Park Roads.
Howard Riefs, a spokesman for Sears, said the store would close in mid-July, with the Sears Auto Center at the site closing in mid-May. The store site is part of the 265 stores sold to Seritage Growth Properties. Sears has been leasing the store site. The sale agreement allows Seritage to recapture both the store and the auto center.
Riefs said, “The store will remain open for customers in the meantime and will begin its liquidation sale by April 27. The Sears at Six Corners was the shopping district’s anchor business since it first opened to large crowds on Oct. 20, 1938. We have proudly served our members and customers on Chicago’s northwest side for the last eight decades.”
The spokesman emphasized that Sears, for more than 120 years, has called Illinois home and “that is not changing.” He added that while the last Chicago store is closing, that does not change either the

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Sears Stopped Buying National TV Ads in Critical Holiday Season

Sears Holdings hasn’t paid for any national TV spots for its struggling Sears and Kmart chains in December, as its CEO shifts advertising to digital channels.
WSJ.com: US Business

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Warning Signs Mount on Sears

The cost of insuring Sears Holdings Corp. bonds has reached new highs, signaling fresh concerns about the retailer’s future despite recent moves to raise more than $ 1.5 billion.
WSJ.com: US Business

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Antique Photo Advertisement Sears 1899 Walker Model Baby Carriage

Antique Photo Advertisement Sears 1899 Walker Model Baby Carriage


AA-0339 AJN-919 Browse Subject Society & Culture, Sears Roebuck & Co N/A N/A NO
List Price: $ 12.99
Price: $ 12.99

Sears Roebuck & Co. Consumer’s Guide for 1894

Sears Roebuck & Co. Consumer’s Guide for 1894


Proudly advertising its enormous inventory shipped from “Cheapest Supply House on Earth,” in 1894, the Sears, Roebuck and Co. catalog offered substantial savings for rural dwellers on almost everything. And everything means everything. From pianos and firearms to clothing, watches, and jewelry, this well-known American superstore had it all. Need a sewing machine guaranteed to last ten years? Just .55 from Sears, Roebuck and Co. And why not buy solid gold? Solid gold watches, that is, for just thirty to fifty dollars. In the musical goods department, guitars came with free instruction books, mandolins were becoming so popular that sales had more than doubled in a year, and violins were imported and plentiful. The guns and sporting goods department boasted a wide range of weaponry, including the Colt’s Army Double Action Revolver (which, if ordered with an accompaniment of cash payment in full, came with a “FREE nice present” . the likes of which are left to the gun enthusiast’s imagination). Hundreds of illustrations accompany the fascinating product descriptions and hard-to-fathom prices of over a century ago in this rerelease of the Sears, Roebuck and Co. Consumer’s Guide for 1894. Nostalgic for some, fun for all-this book is perfect for anyone interested in collectibles.

Price: $
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Fashionable Clothing from the Sears Catalogs

Fashionable Clothing from the Sears Catalogs


Fashionable Clothing from the Sears Catalogs: Paperback: Schiffer Publishing Ltd: 9780764327346: 01 Oct 2007: Mid-1930s clothing for men, women, and children are presented in 300 color photographs from the Sears catalogs. See the popular styles of dresses, suits, coats, and sleepwear; as well as hats, shoes, and undergarments. Printed and solid fabrics are shown with customary accessories and in the latest styles available. Today’s fashion designers will find the pages inspiring, and v.

Price: $
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Fashionable Clothing from the Sears Catalogs: Late 1960s

Fashionable Clothing from the Sears Catalogs: Late 1960s


Fashionable Clothing from the Sears Catalogs: Late 1960s focuses on wearable, collectible vintage clothing and accessories. The Sears catalogs provide the basis for a comprehensive study of the fashions of this period. The descriptions drawn from the catalogs are detailed and accurate in order to help collectors understand the styles of the period, as well as the textiles in use. Although Sears shows apparel for every market, from glamorous to practical, Fashionable Clothing from the Sears Catalogs: Late 1960s showcases the most collectible, trendy garments and accessories from the period: stretch pants, mini skirts, turtleneck tunics, tank tops, pantskirts, pantjumpers, flared-leg pants, A-line shifts, knee-high boots, and belted swimwear. There are chapters on “Gowns, Dresses, Shifts, Skirts, and Shirts,” “Pants, Pantjumpers, Pantskirts, and Tunics,” “Coats,” “Swimsuits, Play Suits, and Beach Cover-ups,” “Underwear and Nightwear,” and “Accessories.” The book focuses on women’s fashions, but includes examples of collectible men’s and children’s fashions of the period.

Price: $
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Fashionable Clothing from the Sears Catalogs: Mid 1960s

Fashionable Clothing from the Sears Catalogs: Mid 1960s


These styles will ring a bell not only with America’s baby-boomers, but also with current fashion trend watchers. Today’s interest in retro fashions makes this book as current as it would have been more than thirty years ago, but the quality is much better. Using today’s technology, it presents more than 400 color photographs of clothing styles for men, women, and children culled from 1964-67 Sears Catalogs. Images of mohair sweaters, cardigan sets, bloomer playsuits, madras jackets, checked gingham shifts with matching triangle scarves, ruffled rib-tickler tops and capri pants, Bermuda collars, wraparound skirts, maternity wear, and even days-of-the-week panties all combine to give us a look into what the average American was wearing, along with descriptions and original prices. Current prices are listed for some of the items for those interested in collectible vintage clothing from the era.

Price: $
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Fashionable Clothing from the Sears Catalogs: Mid-1970s

Fashionable Clothing from the Sears Catalogs: Mid-1970s


Memorable clothing styles from the mid-1970s are illustrated as they appeared in the Sears catalogs. Almost 400 full-color photos show the most distinctive fashion trends, ranging from platform shoes and flare-leg pants to leisure suits and traditional plaids. Clothing, shoes, and accessories for men, women, and children are all here, plus current values listed in the captions.

Price: $
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Fashionable Clothing from the Sears Catalogs: Late 1950s

Fashionable Clothing from the Sears Catalogs: Late 1950s


Meet the book that defined fashion for generations of Americans in the twentieth century-the Sears Catalog. Pictured is clothing for men, women, and children taken from actual Sears Catalogs from the late 1950s, along with descriptions and original prices. Current values for some items are included.

Price: $
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Fashionable Clothing from the Sears Catalogs: Late 1930s

Fashionable Clothing from the Sears Catalogs: Late 1930s


New – The everyday clothes of American consumers of the early 1980s are shown in hundreds of pictures that portray the Preppie era when dress-for-success clothing helped build a corporate culture. Explore the suggestive lingerie, slinky dresses, and tight jeans women wore on the town and the safari and rodeo styles men wore to disco dances. Colorful sweatsuits became a uniform of comfort. This book is indispensible for fashion historians and collectors of fashions of the 20th century.

Price: $
Sold by Alibris (UK)

Fashionable Clothing from the Sears Catalogs: Mid-1970s

Fashionable Clothing from the Sears Catalogs: Mid-1970s


Memorable clothing styles from the mid-1970s are illustrated as they appeared in the Sears catalogs. Almost 400 full-color photos show the most distinctive fashion trends, ranging from platform shoes and flare-leg pants to leisure suits and traditional plaids. Clothing, shoes, and accessories for men, women, and children are all here, plus current values listed in the captions.

Price: $
Sold by Wal-Mart.com USA, LLC