January 5, 2017 / 2:29 PM / 8 months ago

BRIEF-Sears Holdings to close additional 150 non-profitable stores

Jan 5 (Reuters) - Sears Holdings Corp :

* Sears holdings announces steps to enhance liquidity, stabilize operating performance

* Sears Holdings Corp - board of directors has determined to close an additional 150 non-profitable stores, comprised of 109 Kmart and 41 Sears stores

* Sears Holdings Corp - plan to generate up to $1 billion in liquidity

* Sears Holdings Corp - same store sales at Sears and Kmart for first two months of Q4 have declined in range of 12-13%

* Sears Holdings Corp - board of directors has determined to market certain properties within company's real estate portfolio

* Sears Holdings Corp - board has established a special committee to market certain real estate properties with goal of raising over $1 billion

* Sears Holdings Corp - entered a $500 million real estate backed loan, secured by real estate properties valued at over $800 million

* Sears Holdings Corp - special committee will engage external advisors to help co market properties over next several months Source text for Eikon: Further company coverage:

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