Sears to Spinoff Canada Stake
Sears Holdings Corp. said it would raise up to $380 million by selling most of its stake in Sears Canada Inc. through a rights issue, generating much-needed cash ahead of the crucial holiday shopping season, according to a Reuters report. Sears Holdings will use the funds to support the turnaround of its business and for its
Hunter Engineering Recognized
Sears Holding Co. awarded Hunter Engineering Co. its Partner in Transformation award. The recognition is awarded annually to Sears suppliers who provide a transformative product or service to customers. Hunter was recognized for its collaboration with Sears Automotive to provide an enhanced automotive service experience through its Quick Check vehicle inspection system, Hunter said. “Hunter
