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Why Sears Holdings Corp. Stock Jumped Today

TheMotleyFool

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Why Sears Holdings Corp. Stock Jumped Today

Shares of Sears Holdings Corp. (NASDAQ: SHLD) were up 5.2% as of 1:00 p.m. EDT Tuesday after the department store chain entered international licensing agreements for its Kenmore and DieHard brands.

More specifically, Sears announced that Celva North America Inc. will manufacture Kenmore and Kenmore Elite vacuums and accessories for global retail distribution, and Dorcy International will manufacture DieHard batteries and flashlights for distribution in the U.S., Puerto Rico, Caribbean, Latin America, and select South Pacific locations.

IMAGE SOURCE: SEARS HOLDINGS.

Source: Fool.com