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Celebrity Fashion News

Sears Spins Off Lands' End

HOFFMAN ESTATES, Ill. (AP) — Sears Holdings Corp. said Friday that it will spin off its Lands' End clothing business as a separate company by distributing stock to the retailer's shareholders.

It's the latest move by the struggling retailer to turn around its results as it faces wider losses and increasingly displeased investors. Sears had said in October that it was considering separating the Lands' End and Sears Auto Center businesses from the rest of the company. It did not mention Sears Auto Center in Friday's announcement.

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