In this week’s brilliant business news…
There is nothing more satisfying than seeing a long-established and behemoth business make a brilliant business move. It doesn’t happen as often as we’d like. But Sears has definitely done it.
Under a newly-created unit of Sears Holdings, Ubiquity Critical Environments, the company will utilize its shuttered Sears and Kmart facilities for data centers, disaster relief sites, and cell phone tower sites. The company has a massive real estate portfolio, with 3,200 properties comprising more than 25 million square feet of space. As dozens of the stores included in this total have closed over the past several decades, Sears hopes to make this conversion a solid shift into the 21st century, digital-based economy.