Sears Holdings Corp. (SHLD) is getting further into the real estate business.
The retail giant has launched a real estate Web site called SHCRealty.com, which is selling some of the company’s shuttered locales, and is offering store-in-store leasing, according to Dow Jones.
The Web site reportedly offers more than 3,000 store-leasing opportunities, the newswire said.
On Thursday, Sears announced in a press release that it had entered into an agreement with golf retail store Edwin Watts Golf Shops LLC to work on a “store-within-a-store” retail model.
"Sears Holdings is very pleased to welcome Edwin Watts Golf Shops into our Sears locations. We believe they are the perfect complementary retailer to our expansive sporting goods business and we look forward to seeing them surprise and delight customers with their first-class array of products and customer service," said Jeff Stollenwerck, Sears Holdings' president of Real Estate in a release.
Shares of Sears rose $9.12, or 8.08%, to close Friday’s session at $122.01. The stock was down 21 cents in after-hours trading.