Sears could sell Canadian interest

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.