Sears Soars on Plan to Sell Stores to REIT

Sears is facing financial difficulties and is exploring strategies to unlock real estate value. The company plans to sell and lease back 200-300 stores through a real estate investment trust. Despite these efforts, Sears still faces significant cash flow challenges, needing $4 billion to avoid running out of cash by 2016. The company's real estate is largely in low-buying-power areas, which may impact the success of its strategies.

What strategy is Eddie Lampert implementing to unlock the value of Sears' real estate?

• Selling and leasing back stores

• Opening new stores

• Merging with another retailer

• Investing in technology

How much does Sears hope to raise through a rights offering?

• $4 billion

• $3 billion

• $2.07 billion

• $1 billion

What is the estimated amount Sears needs to avoid running out of cash in 2016?

• $4 billion

• $3 billion

• $2 billion

• $1 billion

What percentage of Sears' store space is in areas with the lowest buying power?

• 10%

• 75%

• 50%

• 27%

Which retailer has the highest proportion of stores in lower spending areas?

• Sears

• Kmart

• Target

• Walmart