Sears won’t sell more assets for now

TORONTO — Sears Canada has no current plans to sell off any further assets, Reuters has reported, but CEO Douglas Campbell has not ruled out any moves that would “substantially” raise the company’s value. Facing dwindling profits, the department store chain has already unloaded several assets as well as cutting its payroll. In the past year, Sears pulled out of seven leases including its Toronto Eaton Centre flagship.