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Report: Sears to sell off Lands’ End
Hoffman Estates, Ill. -- Multiple reports on Thursday said that Sears Holdings Corp. is considering a sale of its Lands’ End mail-order catalog business, as part of its move to raise up to $2 billion.
The New York Post reported that Sears is in talks with several private-equity firms about the potential sale.
Sears chief Eddie Lampert is said to be likely to hire Goldman Sachs to find a buyer for Lands’ End.
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New outlet property to be developed in coastal Texas
Corpus Christi, Texas -- Dolphin Ventures and EWB Development announced that they will develop The Outlets at Corpus Christi Bay, located in Corpus Christi, Texas.
The project will be a partnership with the Lockard Cos.
Phase one, slated to contain 281,526 sq. ft., is targeted for a late 2013 opening.
“This center will fill a void in the Texas market and is one of the very last major tourist destinations in the U.S. without an outlet center,” said Lisa Quier Wagner of Dolphin Ventures and EWB Development.