Is Sears looking to sell Craftsman?
Finally, Sears Holdings gained 6%. The stock gain came after reports that it might decide to sell off its Craftsman line of tools and equipment. The department-store chain has gradually divested itself of various assets over a period of years, and Sears had identified Craftsman as one of its key remaining brands, along with Kenmore appliances and Diehard batteries. Investors seem to be increasingly convinced that CEO Eddie Lampert is pursuing asset sales and spinoffs as the final exit strategy for Sears, even though Lampert also said today that it is considering closing its Kmart chain.
(From fool.com)