Business

Sears considering selling its Canadian operations

By Washington Examiner
Published May 14, 2014 4:38pm ET
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Sears considering selling its Canadian operations
FILE - In this Oct, 29, 2013 file photo, the Sears store at Eaton Centre in Toronto opens its doors for business. Sears is considering selling its Canadian operations as the retailer continues with efforts to turnaround its business. Its stock rose more than 7 percent in premarket trading on Wednesday, May 14, 2014. (AP Photo/The Canadian Press, Frank Gunn, File) | Frank Gunn

NEW YORK (AP) — Sears is considering selling its Canadian operations as the retailer looks for ways to prop up its sagging business.

The retailer, which operates its namesake stores and Kmart locations, said that it’s looking at strategic options for its 51 percent interest in Sears Canada. The Hoffman Estates, Illinois-based company said this includes the possible sale of its stake or possibly the entire Sears Canada operation.

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