Sears Canada announces sale of Cantrex Group

Sears to maintain ownership of Corbeil Electrique Inc. TORONTO, April 24, 2012 /CNW/ - Sears Canada Inc. (TSX: SCC) announced today the agreement to sell its Cantrex Group operations to Nationwide Marketing Group, LLC. Sears Canada will be maintaining ownership of Corbeil Electrique Inc., a well-recognized brand in the major appliance retail market. Cantrex was purchased by Sears Canada in 2005 in order to further develop its merchandising, buying, and logistics services in the furniture and appliance sectors. Corbeil became part of the Sears portfolio through this purchase and recently Sears has announced its plans to expand Corbeil's operations