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Sale of Sears store at Apache Mall completed
Sears Holdings Corp. has completed the sale of 11 Sears full-line stores, including the store in Rochester’s Apache Mall, to General Growth Properties for $270 million. Sears, which made the announcement Tuesday, has received the sale proceeds, and the stores … Continue reading
Posted in Rochester
Tagged Apache Mall, Rochester, Sears
Kmart Stores Closing in Monticello and New Ulm
Sears Holdings Thursday said it will close its Kmart stores in Monticello and New Ulm, Minn. The struggling retailer, which runs both the Sears and Kmart retail chains, had previously announced the closings of 79 other Sears and Kmart locations, … Continue reading
Posted in Monticello, New Ulm
Tagged discount department stores, Kmart, Sears
Department Stores Past their Prime as Retail Anchors?
Bloomingdale’s and other high-profile closures are causing malls to rethink their basic concept. In the old days, mall economics were so simple: Plunk down two big department stores as anchors and sandwich smaller shops in between. Open doors. But the … Continue reading
Posted in Uncategorized
Tagged Bloomingdale's, department store, Mall of America, Sears, shopping mall, trends
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