Sears Open To Selling Assets
Sears Holdings, the retailer controlled by Edward Lampert, is "open" to selling assets as it works to turn itself around, its chief executive said. "If there are assets that make sense to be brought into the portfolio, we are open to that discussion as well," Lou D'Ambrosio said Wednesday on Bloomberg Television. Sears posted first-quarter profit of $189 million last month after spinning off smaller format stores and selling some locations, and following a $3.1 billion loss last year. It also has announced plans to spin off part of its Canadian business.