Dead department stores are finding an unexpected new life with U-Haul (M, SHLD, UHAL)

U-HaulAP Photo/Charlie Neibergall

  • U-Haul is looking to buy 13 former Sears and Kmart stores for $ 62 million, court documents show.
  • These former department store locations will be repurposed into U-Haul storage centers and places to house its fleet of rental trucks. 
  • U-Haul has a policy in place whereby it buys and renovates pre-existing buildings and uses them for new purposes. Earlier this year, it bought a former Macy’s store after it closed down

U-Haul could make a small dent in Sears’ debt load. 

The truck rental and storage company is looking to buy 13 former Sears and Kmart stores for $ 62 million, according to court documents that were first reported by SpareFoot. A spokesperson for U-Haul said that the company is currently awaiting approval from the bankruptcy court. 

See the rest of the story at Business Insider

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Post Author: martin

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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