Sears Starts Selling/Leasing Excess Real Estate Online

Andrew Calvo | May 9, 2010 | 0 Comments

Last week Sears Holding Corporation – the holding company for Sears, Kmart and The Great Indoors (among other brands) – launched a new website for listing their excess real estate online.

The site can be accessed immediately at www.shcrealty.com, and right now has over 3,000 opportunities in open and closed locations.

This puts Sears on the same level of Wal-Mart in regards to finding an easy way to dispose of their excess property, as well as an easy way to build attention to their leaseable space within their open stores.

WalMart has had a website for their excess real estate for a number of years now – www.walmartrealty.com – so Sears is not the first to offer this on the internet.

Sears Holding has been under alot of pressure over the past few years to increase revenue and actually make Edward Lamperts purchase of the company seem like a sound decision. This could easily be a huge step in that direction because it enables the company to unearth additional revenue streams that were once harder to find.

Already you can see some of the effects on this by Sears announcement that 12 Edwin Watts Golf Stores are going to be opening in Sears stores around the country. These stores will average about 2,700 square feet and will be staffed by Edwin Watts employees. While I doubt this agreement came about because of the new website, it’s an example of some potential business deals that can come about due to the website.

Other big box retailers like Target, who have large footprints and locations throughout the country would benefit from offering their excess space on the web. It would offer a steady income stream that could potentially attract additional traffic into the stores because of what these inline stores offer.

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