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Re: justthefactsmam post# 4979

Saturday, 12/22/2018 12:10:52 PM

Saturday, December 22, 2018 12:10:52 PM

Post# of 37346
most recent information i can find at this time:cant get the totals to line up, but 432 was the total for kmart, 547 for sears and 23 for specialty. don't know the mix of the ones subject to the stalking horse bid. also, any owned stores left which would become part of the esl bid are valued at cost, not current market value. these approximately 1000 stores were whittled down to around 500 at the time of the stalking horse bid. again, don't know the mix of owned vs leased.

Kmart Full-line Stores Sears Specialty Stores
Owned 48 243 16
Leased 384 304 7
February 3, 2018 432 547 23

In addition, at February 3, 2018, we had 30 domestic supply chain distribution centers, of which 10 were owned and 20 were leased with remaining lease terms ranging up to 10 years. Of the total, six primarily support Kmart stores, 20 primarily support Sears stores and four support both Sears and Kmart stores. We also had 400 domestic store warehouses, customer call centers and service facilities (including 20 facilities related to our Monark Premium Appliance Co. of California, Monark Premium Appliance Co., and Monark Premium Appliance Co. of Arizona businesses), most of which are leased for terms ranging from one to six years or are part of other facilities included in the above table. Many of our facilities are also used to support our online channels.
Our principal executive offices are located on a 200-acre site owned by us at the Prairie Stone office park in Hoffman Estates, Illinois. The complex consists of six interconnected office buildings totaling approximately two million gross square feet of office space. We also own an 86,000 square foot office building in Troy, Michigan. We operate numerous buying offices throughout the world that procure product internationally, as well as an information technology center in Pune, India.
A description of our leasing arrangements and commitments appears in Note 14 of Notes to Consolidated Financial Statements.

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