Sears, Roebuck & Co. announced Monday that it will purchase two Valley Montgomery Ward stores in the Valley. The sale come just weeks after Target Corp. said it will purchase two Ward's locations in Arizona, which are among 35 Wards stores the chain is buying up nationwide.

As reported earlier today by GlobeSt.com Midwest bureau chief Mark Ruda, Sears has announced that it is acquiring 18 former department stores from Wards across the country, 10 freestanding auto centers and the service contracts held by about 2.4 million Ward's customers. Terms of the purchase were not disclosed. The deals are expected to close by April.

With the purchase, Sears now has 14 locations in Arizona. The Hoffman Estate, IL-based retailer closed a store it had at Scottsdale Fashion Square earlier this year due to lagging sales.

Recommended For You

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.