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Why would selling off some stores improve a company's value?
Maybe the location isn't yet, but will soon become a new loss.  For example older soon out of warranty equipment, new tax laws in the locality soon to take affect or even just declining sales over the past periods of measurement. Perhaps labor disputes or other locality issues make running the store difficult.   There is the possibility that the land the location occupies is worth more sold to the new big box retailer than it will be in the next 10 years of operation. In some cases, companies want to have a ton of cash on hand, or would sell assets to pay off debt.