The future of Sears and Kmart is still to be determined.
The year could become the one where more retailers were able to exit bankruptcy as reorganized entities.
The collaboration is part of a move by the footwear retailer to include more fashion and quality in its offerings.
The assets include 12 parcels of real property and six leases.
Digital sales are expected to reach $1 billion by the end of 2018.
Investors liked the upbeat holiday forecast and sent shares of Abercrombie climbing in early morning trading.
The investment firm had talks with Eddie Lampert’s ESL about partnering for a Sears bid last month.
The company said it has already started its search for a new brand president for Chico’s.