Sears Considering Selling its Canadian Operations

Sears is considering selling its Canadian operations as the retailer continues with efforts to turn around its business. Its stock rose almost 4 percent in Wednesday premarket trading. The retailer, which runs its namesake stores and Kmart locations, said that it is 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 the entirety of Sears Canada.