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Wednesday, May 14, 2014

Sears Holdings says could sell its majority stake in Sears Canada, (TSE: SCC.TO), (NASDAQ: SHLD)

Sears Holdings Corp said it was looking to sell its 51 percent stake in Sears Canada, or could even put the struggling Canadian department store operator up for sale. Sears Holdings, which operates nearly 2,500 retail stores in the United States and Canada, said it would hire an investment bank to help explore alternatives for its stake in the Canadian company.

Sears Canada Inc. (Sears) is a multi-channel retailer. Shares of SCC fell by 1.19% or $-0.19/share to $15.76. In the past year, the shares have traded as low as $8.84 and as high as $19.89. On average, 19681 shares of SCC.TO exchange hands on a given day and today's volume is recorded at 14840.

Sears Holdings Corporation (Holdings) is a retailer with 2,172 full-line and 1,338 specialty retail stores in the United States operating through Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. Shares of SHLD fell by 0.55% or $-0.24/share to $43.23. In the past year, the shares have traded as low as $31.26 and as high as $67.50. On average, 1425750 shares of SHLD exchange hands on a given day and today's volume is recorded at 671173.



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