Sears Holdings News
Lands' End has suffered under Sears Holdings, and the planned spinoff by the 50-year-old maker of preppy chinos and fleece jackets won't exactly set it free.
A look at the decision of Sears to spin off Lands' End and how other spinoffs like Sears Hometown and Outlet Stores and Orchard Supply Hardware worked out.
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6:23 am Sears Hldg announces filing of registration statement for spin-off of Lands' End business
The No. 1 retailer of Black Friday weekend proves to be both effective and efficient.
Eddie Lampert-controlled Sears Holdings Corp said it would spin off its Lands' End clothing business, adding to the assets the company is shedding as it struggles with mounting operating losses and declining sales. The company, operator of Sears department stores and the Kmart discount chain, has been selling or spinning off assets and closing stores for the past few years to try to turn around its business.
Not everyone is thrilled that Sears (SHLD) plans to spin off its Lands' End business. The stock hasn't moved much, falling 0.8% to trade at $50.25 in afternoon market action. But Credit Suisse analysts ...
Sears Holdings bought Lands' end in 2002 and now plans to spin it off to shareholders.
Sears plans to spin off Lands' End clothing business as the struggling retailer shed assets amid slumping sales and dwindling cash reserves.
U.S. stock futures are pointing to a higher open on Wall Street amid hopes that data showing a slowdown in job creation could indicate the Fed won't taper economic stimulus until the first quarter of next year.