FINANCE

Sears Holdings files for partial spin off of its interest in Sears Canada

BY CSA STAFF

Hoffman Estates, Ill. — Sears Holdings announced that Sears Canada has filed a Registration Statement on Form 20-F with the U.S. SEC in connection with the company’s previously announced plan to spin-off a portion of its interest in Sears Canada.

Sears Holdings currently owns approximately 95% of the issued and outstanding common shares of Sears Canada. Following the spin-off, Sears Holdings will retain approximately 51% of the issued and outstanding common shares of Sears Canada. Sears Canada will continue to be listed on the Toronto Stock Exchange.

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News

Penney CEO to address Piper Jaffray conference in NYC

BY Staff Writer

PLANO, Texas — Ron Johnson, CEO of J.C. Penney, will answer questions from investors at the Piper Jaffray 32nd Annual Consumer Conference in New York City on June 5, 2012.

The question and answer session will begin at 8:30 a.m. ET and will be available via live webcast on jcpenney’s Investor Relations page at http://ir.jcpenney.com. Replays of the webcast will be available for up to 90 days after the event.

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FINANCE

American Eagle makes executive appointment

BY Staff Writer

Pittsburgh — American Eagle Outfitters announced that Mary Boland has been appointed executive VP, chief financial and administrative officer, effective July 9.

Boland’s responsibilities will include finance, investor relations, merchandise planning and allocation, strategy planning, and other administrative functions. She joins AEO from Levi Strauss & Company where she most recently served as senior VP of finance for Global Levi’s.

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