Macy’s Sells Five Stores to General Growth Properties

Macy’s is continuing its profitable growth plan. The U.S. retailer sold five stores to real estate investment trust General Growth Properties. The move will allow Macy’s to reallocate investments to its highest-growth digital businesses and stores and act on opportunities within its real estate portfolio.… Read More

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Sears Holdings Sued by Shareholder

Sears Holdings Corp. was sued Friday by a shareholder that said the company’s plan to sell 254 Sears stores to a Real Estate Investment Trust (REIT) would benefit billionaire chairman and CEO Eddie Lampert at the expense of investors.

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