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.
Sear announced this week that it will divest itself of more than 1,000 Hometown and Outlet stores, its latest move to find profits in spin offs. But does Sears have anything left that anyone wants to buy other than pieces of its business?
Sears, which is trying to turn around its business and spruce up its image, is preparing to spin off its Hometown and Outlet stores as well as some hardware stores into a separate publicly traded company.