Sears Canada up for sale

Hoffman Estates, Ill. -- Sears Holdings Corporation said today that it is considering putting part or all of its troubled Canadian business up for sale.

In a statement, the company said it is exploring strategic alternatives for its 51% interest in Sears Canada, including a potential sale of Sears Holdings' interest or Sears Canada as a whole.

Sears Holdings plans to engage an investment banking firm to pursue its options.

Sears Canada's board of directors said they and management will cooperate fully with Sears Holdings in order to bring value to shareholders.

Sears Canada has seen sales fall for six years and has cut over 3,000 jobs and closed stores, including its flagship in Toronto.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!