Dive Summary:

• Sears could be exploring a possible sale of its Canadian retail locations after closing its Toronto flagship outlet and four additional locations.
• Sears chairman Eddie Lampert could be shopping the retail company after quietly gauging interest from potential buyers, reports the New York Post.
• Possible buyers for the company may include Walmart and/or Target on a small scale following liquidation but would not likely include Hudson’s Bay.

Dive Insight:

Sears declined to comment on the reports after recently issuing shareholders a $483 million dividend following the deal involving the sale of its flagship Toronto store, but some executives have expressed concern that the money from the deal may have gone directly towards reinvestment.