Sears board approves Land’s End spin-off

Hoffman Estates, Ill. -- Sears Holdings Corp. said it would peel off its Land’s End business, a move approved by Sears’ board of directors on Friday.

Land’s End will become an independent publicly traded multi-channel retailer of home goods, apparel, accessories and footwear.

As a result, Land’s End will trade will start trading on April 7 on the Nasdaq under the ticker symbol LE.

That leaves only Sears and Kmart stores, as well as a real estate investment trust and some outlet stores in the Sears stable.

Source: Home & Textiles Today