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A customer enters a Sears store in downtown Vancouver, British Columbia in this September 13, 2012 file photo. Sears Holdings Corp said May 14, 2014 that it was considering the sale of its 51 percent stake in Sears Canada Inc, a move that could mean all of the Canadian department store operator goes up for sale.
A customer enters a Sears store in downtown Vancouver, British Columbia in this September 13, 2012 file photo. Sears Holdings Corp said May 14, 2014 that it was considering the sale of its 51 percent stake in Sears Canada Inc, a move that could mean all of the Canadian department store operator goes up for sale.
(Andy Clark/Reuters)

Sears Canada’s assets have been well picked-over

Anyone want to buy a used department store chain? Make that well-used?

Sears Holdings Corp. has put its Canadian subsidiary, Sears Canada Inc., up for sale. This is no big surprise; Sears Holdings essentially signalled that the Canadian operation was in play two years ago, when it reduced its stake in Sears Canada to 51 per cent from 95 per cent.