USA: Investors watch Sears for smoke signals
Sears Holdings (NASDAQ:SHLD) opens with a tidy 0.90% gain to follow on yesterday’s rally fueled by reports of a Craftsman sale.
Investors are keeping a close eye on Sears for news of asset sales.
The company also has the Kenmore and DieHard brands to shop around to interested parties.
Despite some talk about pulling the plug on Kmart, CEO Eddie Lampert was pretty insistent in a blog post that Sears still sees upside for the chain.
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“I can tell you that there are no plans and there have never been any plans to close the Kmart format. In fact, we’ve been working hard to make Kmart a more fun, engaging place to shop, powered by our integrated retail innovations and Shop Your Way,” wrote Lampert.
Source: Seeking Alpha
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