Sears may put its credit and financial products business on the block following a review of “strategic alternatives,” the company said today.
The group had a portfolio worth $30.8 billion in credit card receivables at the end of last year. This included $18.4 billion in Sears card receivables, and $12.4 billion in MasterCard accounts.
CEO Alan J. Lacy said in a statement that “the tremendous value and earnings power of these assets are not reflected in today
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