Retail

Uncertainty around a turnaround lingers as the department store chain reports disappointing holiday sales, more store closures.

Stores selling goods and services that can’t be purchased online are the best bets for retail real estate investment this year.

The retail sector can still offer attractive returns, as long as investors focus on well-performing market segments.

The agreement with ESL still needs to be approved by a federal bankruptcy judge at a hearing scheduled for Feb. 1.

Retail experts say Dollar Tree would be lucky to get two-thirds of Family Dollar’s original $9 billion price tag back if it’s put on the market.

Eddie Lampert will present another bid for Sears later today.

Eddie Lampert’s ESL Investments submitted a revised bid for Sears totaling more than $5 billion.

A judge granted ESL until 4 p.m. today to come up with a $120 million deposit and Sears will allow Lampert to take part in a bankruptcy auction scheduled for Monday.

The approximately 14-year lease will commence when construction and tenant improvements are completed in 2022.

Restaurants, one of the supposed saviors of regional malls, have been hurt in the past 12 months by too much expansion and a slowdown in consumer spending.