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
Alberta wildfires: How Weyerhaeuser was affected
Wed, May 31st, 2023
Quebec cabinet supplier reckons with acquisition gone bad
Wed, May 31st, 2023
Retailers must provide "unified engagement," says RCC panelist
Wed, May 31st, 2023
Quebec BMR member celebrates grand opening
Tue, May 30th, 2023
RONA affiliate dealers open first urban store in the West
Tue, May 30th, 2023
Pont-Masson adds ninth store
Tue, May 30th, 2023
DMC promotes LBM recruitment leader
Tue, May 30th, 2023
Retail Council kicks off Store Conference
Tue, May 30th, 2023
BMR members talk family matters in new podcast
Tue, May 30th, 2023
TIMBER MART grand opening has fun carnival feel
Mon, May 29th, 2023