Sears Holdings to sell control of Sears Canada

Reuters is reporting Wednesday (May 14, 2014) that Sears Holdings is looking to sell its 51 percent stake in Sears Canada.  This might also signal that the whole Canadian department store is up for sale.  Sears Holdings, which operates nearly 2,500 stores in the United States and Canada, said it would hire an investment bank to help explore alternatives for its stake in the Canadian company.