Sears also spun off on Nov. 14, 2012, its Sears Canada subsidiary, in which it has reduced its stake to 51%.
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Sears Canada accounted for 11% of total revenue in the second quarter.
It spun off its Orchard Supply Hardware Stores last December, then also spun off its Hometown and Outlet businesses and a large portion of its stake in Canadian unit, Sears Canada.
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