Sears explores Kenmore sell-off

NEW YORK — Sears Holdings Corp. is considering selling its storied Kenmore brand along with other related assets.

The ailing company, which operates department stores under the Sears and Kmart names, says a special committee of its board is starting a formal process to explore the sale.

The move, announced Monday, comes almost a month after the retailer said it received a letter from its largest shareholder ESL Investments, headed by Sears Chairman and CEO Edward Lampert, expressing interest in all or some of the assets, which include Sears Home Services’ home improvement business.