On Sale at Sears: Sears

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On Sale at Sears: Sears
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On Sale at Sears: Sears

Eddie Lampert engineered the merger between Sears and Kmart in 2005, and then took the reins at the combined company. As chairman and majority shareholder, he then established a selling-off-assets-for-cash strategy. But even with these spin-offs, Sears is still posting declines.

Sears announced in May 2012 that it will divest nearly half of Sears Canada.

Its Sears Outlet and Hometown Stores will also be spun-off into a separate, publicly-traded company.

Marine Gunnery Sgt Edward Schrank celebrates the grand opening of the new Sears Hometown Store in Rochelle, Ill., with a ribbon-cutting ceremony last year. The retailer will be spinning off the Hometown stores along with the Outlet stores.

From Flickr user Jim G:

Sears spun-off its Orchard Supply Hardware chain on Dec 30, 2011.

Sears is also reportedly mulling the sale of Lands' End, the catalog/e-commerce retailer it purchased in 2002.

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