Sears ‘open’ to selling assets in recovery
Sears Holdings, the retailer controlled by Edward Lampert, is “open” to selling assets as it works to turn itself around, its chief executive said.
“If there are assets that make sense to be brought in to the portfolio, we are open to that discussion as well,” Lou D’Ambrosio said Wednesday on Bloomberg Television.
Sears posted first-quarter profit of $189 million last month after spinning off smaller format stores and selling some locations, and following a $3.1 billion loss last year. News Tribune news services
