CBL announced it had closed on $1.18 billion in financing that will allow it to avoid debt maturities coming due soon and focus its resources on renovating its portfolio of 62-plus malls.
When it comes to the winners and losers in online sales, Amazon is in a class by itself. And while some competitors are coming on strong, Jet.com is not among them.
According to a report in the Wall Street Journal, Eddie Lampert has managed to avoid the liquidation of Sears after sweetening his bid for the ailing chain.