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Sears to Spin Off Hometown, Outlet Stores

submitted on August 29, 2012 by DebsFreebies in "Member's Lounge"
Sears is moving forward with plans to spin off its Hometown and Outlet stores as well as some hardware stores into a separate publicly traded company.

Sears, which also owns Kmart, has looked at spinoffs and real estate sales to restore profitability and boost shareholder confidence. Aside from the separation of the Hometown, Outlet and some hardware stores, the company announced in May that it would spin off a stake in its Canada division.

http://www.dailyfinance.com/20.....et-stores/
 

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