As Sears works its way through bankruptcy proceedings, Seritage Growth Properties posted a nearly $26 million net loss in the second quarter, according to its earnings report. That’s compared to a $10.6 million loss in the second quarter of 2018. For the first half of the year, its net loss totaled $36.8 million. Seritage’s revenue also continued to fall, down 18 percent to $40.5 million from $49.3 million in the second quarter of 2018. Seritage, […]
source https://therealdeal.com/national/2019/08/02/amid-sears-bankruptcy-seritage-posts-26m-net-loss-in-q2/#new_tab
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