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<p>NEW YORK (AP) &#8212; Sears Holdings Corp. says a special committee of its board is starting a formal process to explore the sale of its Kenmore brand and related assets. </p><p>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&#8217; home improvement business, and the company&#8217;s Parts Direct business.</p><p>Sears, based in Hoffman Estates, Illinois, said no assurance can be given any formal proposal will be made by ESL or any third party.</p><p>The ailing company has sold off other major brands as it struggles to stay afloat with Kenmore a notable reminder of the powerhouse retailer it once was.</p><p>In morning trading, shares added 19 cents, or 5.6 percent, to $3.61.</p><style>
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<div class="neCaption">FILE- In this March 28, 2018, file photo, a man walks in front of a Sears sign in San Bruno, Calif. In a move announced Monday, May 14, Sears Holdings Corp. says a special committee of its board is starting a formal process to explore the sale of its Kenmore brand and related assets. (AP Photo/Jeff Chiu, File)</div></div><div class="metaInfo"><photo0>https://www.timesleader.com/wp-content/uploads/2018/05/web1_120428891-8d9ca83ddab34bf6ade1e105246e09a5.jpg</photo0><caption0>FILE- In this March 28, 2018, file photo, a man walks in front of a Sears sign in San Bruno, Calif. In a move announced Monday, May 14, Sears Holdings Corp. says a special committee of its board is starting a formal process to explore the sale of its Kenmore brand and related assets. (AP Photo/Jeff Chiu, File)</caption0><photoCredit0></photoCredit0></div><div class="neFile"><img class="neImage" src="https://www.timesleader.com/wp-content/uploads/2018/05/web1_120428891-3c2522ec7e3047cca85afff3a80648b7.jpg">
<div class="neCaption">FILE - In this July 20, 2017, file photo, the Kenmore Elite Smart French Door Refrigerator appears on display at a Sears store in West Jordan, Utah. In a move announced Monday, May 14, Sears Holdings Corp. says a special committee of its board is starting a formal process to explore the sale of its Kenmore brand and related assets. (AP Photo/Rick Bowmer, File)</div></div><div class="metaInfo"><photo1>https://www.timesleader.com/wp-content/uploads/2018/05/web1_120428891-3c2522ec7e3047cca85afff3a80648b7.jpg</photo1><caption1>FILE - In this July 20, 2017, file photo, the Kenmore Elite Smart French Door Refrigerator appears on display at a Sears store in West Jordan, Utah. In a move announced Monday, May 14, Sears Holdings Corp. says a special committee of its board is starting a formal process to explore the sale of its Kenmore brand and related assets. (AP Photo/Rick Bowmer, File)</caption1><photoCredit1></photoCredit1></div></div>

Sears: Committee explores sale of Kenmore, other assets