HOFFMAN ESTATES, Ill. — Sears could sell its Canadian operations as it continues to explore options to turn around its business, the Associated Press reports. The U.S. retailer is eyeing “strategic options” for its 51% interest in Sears Canada, including the possible sale of the stake or of Sears Canada as a whole. Sears Canada confirmed it has been notified of the review by Sears Holdings and added that ownership matters will not affect store operations, which spokesperson Vincent Power called “business as usual.” Sears Canada is in the midst of its own aggressive consolidaton, including the sale of its Toronto flagship location.
Sears could sell Canadian interest
Most Recent
Most Read
Home Depot to acquire another trade distributor
Thu, March 28th, 2024
Throwback Thursday: 22 years ago, Ace Canada signed UFA
Thu, March 28th, 2024
Ontario RONA affiliate expands
Wed, March 27th, 2024
Hardlines is at the National Hardware Show
Wed, March 27th, 2024
Meet our Young Retailer of the Year in our latest podcast
Wed, March 27th, 2024
Home Hardware supports Skills Canada
Wed, March 27th, 2024
Sign up for a free floor pass to DX3 in Toronto
Wed, March 27th, 2024
Canadian Tire and Petro-Can combine loyalty programs
Tue, March 26th, 2024
BeautiTone unveils exterior colour of the year
Tue, March 26th, 2024
Why Air Miles is still good for dealers: TIMBER MART's Bernie Owens
Mon, March 25th, 2024