Sears To Raise Money By Selling Some Stores

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Sears is spinning off some its 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.

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.

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