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Sears may spin off Lands’ End and Auto Center; sells five Canada stores
Hoffman Estates, Ill. – As part of a wide-ranging strategic review of its business, Sears Holdings Corp. is considering spinning off its Lands’ End and Sears Auto Center brands. The company’s Sears Canada subsidiary has also sold five Canadian store leases to Cadillac Fairview Corporation Limited for about $383.4 million.
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First Data levels playing field for merchants with acquisition
First Data Corporation, a leading global e-commerce and payment processing provider, has acquired Perka, a smart loyalty platform.
Perka became a First Data subsidiary on Oct. 4, and continues to operate autonomously as an innovative entrepreneurial company led by its current management and product development team. Financial terms of the deal were not disclosed.