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Sears CEO Eddie Lampert has proposed restructuring the retailer’s debt ahead of an Oct. 15 deadline to repay about $134 million. Part of that plan would involve selling off some $1.5 billion worth of real estate.
Brooks Brothers’ 260 stores will be doing double duty as fulfillment warehouses for online orders, starting next year.
Holiday retail sales in 2018 are set to grow by between 5 and 5.6 percent over last year's sales, according to a report that Deloitte released Wednesday.
ICSC has collaborated with WSJ Custom Studios to create an immersive experience about retail real estate that aims to dispel misperceptions and create a dialogue around the facts.
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