Madison
65° F
Overcast
Overcast
Advertisement

Sears may separate from Lands' End

Published On: Dec 24 2013 12:40:46 PM CST
Updated On: Oct 29 2013 01:12:37 PM CDT

HOFFMAN ESTATES, Ill. -

Sears Holdings Corp. said it's considering separating Lands' End as its own entity.

In a statement Tuesday, Sears said it's evaluating the separation of the Dodgeville-based apparel retailer as one of several strategies to boost Sears' financial position.

Sears said separating the business is meant to "allocate capital in a more focused manner."

If Lands' End does separate, it would not be structured as a sale in order to benefit shareholders, the company added.

Sears purchased Lands' End in 2002. Sears Holdings includes Sears and Kmart stores.

Advertisement
  • iOS 8

    From Apple

    Best new Apple iOS 8 features

    Apple's iOS 8 is here, and it's packed with slick new features. Take a look at some of the best changes to the latest version of the popular mobile operating system.

  • Testing for Ebola

    REUTERS/Misha Hussain

    Common myths about Ebola

    At least eight Ebola aid workers and journalists were reportedly murdered in a remote village in Guinea in a brutal example of growing distrust locals have of foreigners coming to help stem the mushrooming health crisis. Take a look at common myths about the deadly virus.

  • Police lights file 2

    Ridiculous 911 calls

    Have you ever considered calling 911 because of a massive spider in your house? How about because a McDonald's employee got your order wrong? Take a look at some of the strangest reasons people have recently called 911.

  • C3K-EVENTS

    Events calendar

    Looking for something to do? Visit Channel 3000's events section featuring dining, food, music and family-friendly events throughout Madison and the surrounding area.

  • Get your weather app

    Channel3000.com and WISC-TV3 deliver local forecasts, live radar, school closings and alerts for Madison and South Central Wisconsin to iOS or Android devices.

  • Learn more about WISC-TV

    Meet the News 3 staff, learn about our newscasts, search our job postings and find out how to contact us.

Advertisement