USA: Sears To Buy Up 28 Montgomery Ward Locations
Sears Roebuck & Co is to buy up 28 properties from the bankrupt Chicago retail chain Montgomery Ward & Co. Out of the 28 stores, 14 will become Sears department stores, 10 will house Sears Auto Centers and the remaining four will Sears The Great Indoors home improvement stores. Terms of the deal were not disclosed.