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Industry analysts see the move by Sears Holdings (SHLD) to reduce its stake in Sears Canada to...

Industry analysts see the move by Sears Holdings (SHLD) to reduce its stake in Sears Canada to 51% as clearing the path for a host of U.S. retailers to jump in to take advantage of the void as Sears Canada trims its operations. Both Nordstrom (JWN) and Saks (SKS) could jump into a Canadian market that boasts 50% higher sales per square foot at malls than in the U.S., while Target (TGT) might accelerate its own expansion plans.
Comments (3)
  • Oh really, so this move will not benefit Sears Holdings at all.

     

    Give me a break - you make it sound as if Sears made this move to hurt themselves and give their competition better odds.

     

    Lampert is not a fool.
    23 May 2012, 11:27 AM Reply Like
  • Sears is not only about retail. The company is called Sears Holdings
    23 May 2012, 03:06 PM Reply Like
  • Wait for the news to come out that all Autozones will be at Sears' Auto locations.......guess who is on the board at Autozone.
    24 May 2012, 07:59 AM Reply Like
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