Sears to sell off more than 500 stores

HOFFMAN ESTATES, Ill. — Sears plans to sell 505 stores early next year in a bid to preserve the brand, the Dallas Morning News reports. The company, under bankruptcy protection, has told the court it is cutting costs but needs help from mall landlords, from whom it hopes to secure rent cuts. The court documents were filed just after a Black Friday that saw fewer sales for Sears than last year.