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Wednesday, Oct 9
Sears Holdings in focus
- Sears Holdings (SHLD) has sold close to a dozen of its most profitable stores in the U.S. and Canada as it looks to unlock value for shareholders, according to the WSJ.
- The company maintains the upfront cash payment outweighs the loss of operating income.
- Wall Street is divided on the Sears strategy. Some analysts see a windfall for investors, while others think selling too many profitable stores leaves the company in trouble.