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Sign in / Join NowSummaryI would say I expect another major round of store closures early this year, considering Sears is finalizing a deal with the guardians of its pension fund.As Sears prospects began to fade, investors are increasingly eyeing its real estate and shares of Seritage Growth Properties.If you are comfortable, make sure you are ready to sit down at the table without sweating profusely, because we all know that "scared money never wins".Sears Holdings (NASDAQ:SHLD) just keeps hanging on.People have pondered for more than a decade when or if the company the owner of Sears and Kmart stores, the Kenmore and DieHard brands, and Sears Home Services and Sears Auto Centers would ever file for bankruptcy protection.Then came Seritage Growth Properties (SRG) in 2015, a real estate spinoff that, in my mind, signaled this business wasn't winding down anytime soon. Sears' CEO, Eddie Lampert, who is also a hedge fund guy, is the master behind what many people are calling "the longest winded going out of business sale" in the history of the retail industry.I'll return to discussing Seritage in more detail below, but first a little bit more about Sears. Penney (NYSE:JCP) in reporting fourth quarter earnings, but it did make a pre announcement back in February tied to news about a new private exchange offering for debts maturing this year and next.In that report, Sears said its same store sales fell nearly 16 percent overall (Sears and Kmart stores) during the holiday period.

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