Who wants Sears Canada?

|By:, SA News Editor

Shares of Sears Holdings (SHLD +0.4%) have retreated quite a bit from an early rush after the company disclosed it's looking at options to sell Sears Canada.

Though there are a few retail chains such as Primark or Uniqlo which might consider the acquisition for a quick entry into Canada, plenty of retail analysts think the stumbles by Sears and Target (TGT -0.2%) in the region will scare off many retail chains from the gambit. Macy's (M -0.1%) and Kohl's (KSS -2%) come to mind.

A P-E buyout is being viewed as a likely scenario, while there is a chance Hudson's Bay could play a little defense on its home turf.