KBRA Releases CMBS Exposure to Recent Sears Store Closures

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases CMBS exposure to Sears recent store closure lists. On May 31, 2018, Sears Holdings Corporation (SHLD) announced plans to shutter 63 additional stores, marking the third such announcement since April 2018. The retailer initially identified 72 stores slated for the latest round of closures, however nine locations were pulled from the list to allow for additional evaluation. It is anticipated the company will soon operate less tha