Originally published on Fri February 24, 2012 5:20 am
STEVE INSKEEP, HOST:
NPR's business news starts with a sale at Sears.
Sears says it is spinning off outlet, hometown and hardware stores. The deal is expected to help the company raise up to $500 million. It's also selling some of its other properties in a separate deal.
This comes after Sears said in December it would close about 100 stores after an abysmal holiday shopping season. Transcript provided by NPR, Copyright NPR.