Sears Holdings Corp said it was looking to sell its 51 percent stake in Sears Canada Inc and could even put the whole Canadian department store operator up for sale.Shares of Sears Holdings, controlled by hedge fund billionaire Eddie Lampert, rose 8 percent to $46.48 in premarket trading.Sears Canada has lost significant market share in intensely competitive Canadian retail market, where Wal-Mart Stores Inc and Target Corp have been expanding.Sears Holdings, which operates nearly 2,500 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 671473.
Target Corporation sells a range of assortment of general merchandise and food in its stores. Shares of TGT fell by 0.13% or $-0.08/share to $59.56. In the past year, the shares have traded as low as $54.66 and as high as $73.50. On average, 5894300 shares of TGT exchange hands on a given day and today's volume is recorded at 4900352.
Wal-Mart Stores, Inc. (Walmart), operates retail stores in various formats globally. Shares of WMT fell by 0.01% or $-0.01/share to $79.14. In the past year, the shares have traded as low as $71.51 and as high as $81.37. On average, 6597340 shares of WMT exchange hands on a given day and today's volume is recorded at 4363735.
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